Total amount raised
$816.4 Millions
Latest funding date
Location
Razorpay has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of payment solutions, enabling businesses to accept, process, and disburse payments seamlessly.
Keep reading to explore the intricacies of Razorpay's fundraising journey and the investors backing this innovative platform.
What Is Razorpay?
Razorpay, founded in December 2014 by Harshil Mathur and Shashank Kumar, is headquartered in Bangalore, Karnataka, India. The company specializes in providing businesses with a platform to accept, process, and disburse payments seamlessly.
Razorpay offers a comprehensive suite of products, including a payment gateway, business banking solutions, and tools for managing taxes and expenses. These services cater to various payment modes such as credit cards, debit cards, net banking, UPI, and popular wallets.
With a workforce of 1001-5000 employees, Razorpay continues to innovate and expand its offerings, making it a key player in the fintech industry.
How Much Funding Has Razorpay Raised?
- Seed Round
- Amount Raised: $2.6M
- Date: March 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and enter the market.
- Series A
- Amount Raised: $9M
- Date: October 2015
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the team.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: July 2016
- Lead Investors: Mastercard
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage strategic partnerships for growth.
- Series B
- Amount Raised: $20M
- Date: January 2018
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and enter new markets.
- Series C
- Amount Raised: $75M
- Date: June 2019
- Lead Investors: Peak XV Partners, Ribbit Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in technology.
- Series D
- Amount Raised: $100M
- Date: October 2020
- Lead Investors: GIC, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product suite and increase market share.
- Series E
- Amount Raised: $160M
- Date: April 2021
- Lead Investors: GIC, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and new product development.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2021
- Lead Investors: Salesforce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and enhance technological capabilities.
- Series F
- Amount Raised: $375M
- Date: December 2021
- Lead Investors: Alkeon Capital, Lone Pine Capital, TCV
- Valuation at Round: $7.5 billion
- Motivation Behind the Round: To fuel growth and expand into new financial services.
- Secondary Market
- Amount Raised: ₹5.8B
- Date: May 2022
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to employees through ESOP sales.
Razorpay has raised a total of $741.6M with a current valuation of $7.5 billion.
Key Investors
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that invests in the enterprise and consumer sectors. They have a global presence and focus on early and growth-stage investments.
- Investment Focus Areas: Technology, financial services, healthcare.
- Notable Investments: Snap, Affirm, Grubhub.
- GIC
- Details: GIC is a sovereign wealth fund established by the Government of Singapore. It manages Singapore's foreign reserves and invests in a wide range of asset classes.
- Investment Focus Areas: Real estate, private equity, infrastructure.
- Notable Investments: Ant Financial, Flipkart, SpaceX.
- Peak XV Partners
- Details: Peak XV Partners, formerly known as Sequoia Capital India, is a venture capital firm that focuses on early and growth-stage investments in India and Southeast Asia.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Byju's, OYO, Zomato.
- Alkeon Capital
- Details: Alkeon Capital is a global investment firm that focuses on public and private market investments. They are known for their long-term investment approach.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Stripe, Robinhood, DoorDash.
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise cloud companies. They aim to support the next generation of enterprise technology.
- Investment Focus Areas: Cloud computing, enterprise software, artificial intelligence.
- Notable Investments: Zoom, DocuSign, Twilio.
What's Next for Razorpay?
Razorpay is poised to capitalize on the burgeoning fintech landscape, aiming to expand its merchant base from eight million to ten million and reach $90 billion in total payment value by the end of 2022. This growth is driven by the increasing adoption of digital payments and the company's innovative solutions in neo-banking and SME payments.
Future fundraising opportunities appear promising, given Razorpay's strong track record and investor interest. The recent $75 million ESOP sale led by Lightspeed Venture Partners underscores the company's ability to attract significant investments. However, challenges such as managing rapid growth, navigating competitive pressures, and ensuring regulatory compliance remain critical as Razorpay continues its upward trajectory.
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