Razorpay raises USD 20 mln in series B round

Wednesday 17 January 2018 11:03 CET | News

Razorpay has announced that it has raised USD 20 million in series B funding led by Tiger Global and Y Combinator.

The founding round also saw participation from Matrix Partners. The funds will be used in the next phase of growth by expanding to newer markets like South East Asia. The company had previously raised USD 11.5 million in series A round from the same investors along with 33 angel investors, and a strategic investment by Mastercard in 2016.

Founded in December 2014, Razorpay began operations by offering online businesses in India the technology to accept all payment modes. Its merchant partners include GoIbibo, Yatra, Zomato, Zoho, DSP Blackrock, Zerodha, among others.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Razorpay, Tiger Global, Y Combinator, online payments, MasterCard
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce