News > Razorpay raises $100 mn from GIC, Sequoia Capital India and others
Razorpay raises $100 mn from GIC, Sequoia Capital India and others
The Hindu Business Line | 12/10/2020 01:09 PM | Click to read full article
The round, which valued the company at over $1 billion also saw participation from Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners, a statement said.
Razorpay plans to use the new funding to further strengthen and accelerate its two new product lines - neo-banking platform RazorpayX, and its lending arm Razorpay Capital, and invest in new initiatives to empower small and medium enterprises (SMEs).