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).

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