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Roehl Niño Bautista · · 1 min readIndian fintech firm Razorpay eyes up to $250m in funding from Tiger Global, others
“Fintech unicorn Razorpay is in talks with large global funds to raise US$200 million to US$250 million at a valuation of around US$4 billion,” reported Mint, citing sources.
Details:
- The India-based payment platform is reportedly in discussions with Tiger Global, Coatue Management, D1 Capital Partners, DST Global, Dragoneer Investment Group, and Falcon Edge Capital
- Razorpay’s valuation shot up to US$3 billion earlier this year after a US$160 million funding round co-led by Sequoia and GIC.
Dive deeper:
- Razorpay recently acquired lending firm Tera Finlabs and co-led a US$1 million round for edtech startup MSMEx.
- The fintech firm has shown rapid growth, reaching unicorn status in October last year after bagging US$100 million in a series D round.
Editing by Collin Furtado and Arpit Nayak
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