Indian payment processor Razorpay raises USD 100 million in series D funding

The new financing round, a Series D, was co-led by Singapore’s sovereign wealth fund GIC and Sequoia India, the six-year-old Indian startup said. Existing investors Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners also participated in the round, which brings Razorpay’s total to-date raise to USD 206.5 million.

Some of Razorpay’s clients include budget lodging decacorn Oyo, fintech firm Cred, Facebook, ecommerce Flipkart food delivery startups Zomato  and Swiggy, online learning platform Byju’s, supply chain platform Zilingo, travel ticketing firms Yatra and Goibibo, and Airtel.