The indicator has more than doubled over the past 7 months.
Indian fintech startup Razorpay has raised $375 million in an F-series funding round. Information about this appears on the project’s microblog.
- The investment round was led by Lone Pine Capital, Alkeon Capital and TCV. Tiger Global, Sequoia Capital India, GIC and Y Combinator also took part in financing the project.
- The funds will be used to carry out the fintech startup expansion plan and team expansion.
- Against the backdrop of attracting new investment, Razorpay’s valuation stands at $7.5 billion. Back in April 2021, the figure was at the $3 billion level.
- This is not the first time Razorpay has managed to raise large amounts of funds. During the fintech startup’s operations, the team has received more than $750 million in investment.
- Fintech startup Razorpay was founded in India in 2014. Six years later, the project has earned unicorn status. Razorpay offers payment solutions for small businesses and enterprises. In particular, the platform team has developed an international gateway for money transfers that supports more than 90 currencies.
- As of the end of December 2021, Razorpay’s processing volume of payments reached the level of $60 billion per year. More than 8 billion people use the platform’s services. Fintech startup clients include Meta, Swiggy, Cred, National Pension System and Indian Oil.
We will remind, earlier on the network there was information that scammers used the Indian Prime Minister’s Twitter to promote crypto scams.