Monday, November 29, 2021
HomeBusinessRazorpay seeks to raise $270 million

Razorpay seeks to raise $270 million

Venture money organization TCV is in advanced talks with Razorpay to lead a new $270 million fundraising by the fintech unicorn, two folks common with the make any difference stated.

The Series F spherical of funding is most likely to additional than double Razorpay’s valuation to all over $6.5 billion ( 48,345 crore), the men and women mentioned on ailment of anonymity.

TCV counts foremost international tech companies this sort of as Netflix and Airbnb among the its portfolio firms. It manufactured its to start with at any time financial investment in India in March, betting on fantasy gaming system Dream11, adopted by logistics administration startup FarEye in Could. Some of Razorpay’s current investors would also take part in the new fundraising, the men and women cited earlier mentioned mentioned.

Talks are also on with other marquee world wide traders, the persons stated, including that a portion of the funds would be utilised for inorganic progress options.

A spokesperson for Razorpay declined to comment. TCV did not answer to an email in search of remark.

Razorpay previous lifted $160 million in a Collection E spherical in April when it was valued at $3 billion. The round was led by Singapore sovereign wealth fund GIC and joined by current investors Sequoia Money, Ribbit Cash and Matrix Associates.

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