Razorpay: Raises $375m
- Razorpay has raised $375 million in its Series F funding round, with a valuation of $7.5 billion
- The round was co-led by Lone Pine Capital, Alkeon Capital, and TCV
- Also saw participation from existing partners including Tiger Global, Sequoia Capital India, GIC, and Y Combinator
- With this new round of funding, it will look to strengthen India’s financial infrastructure for small businesses
- The new funds will be used to scale the firm’s neo banking platform, which already services 25,000 Indian businesses
- The company has already made three acquisitions, the most recent being TERA Finlabs, an artificial intelligence (AI)
