Total amount raised
$816.4 Million
Latest funding date
5/1/2022
Location
Razorpay has successfully raised funds through 10 funding rounds, with the most recent being a Secondary Market round involving investors like Lightspeed Venture Partners. The platform offers a comprehensive suite of payment solutions, enabling businesses to accept, process, and disburse payments efficiently.
Keep reading to explore the intricacies of Razorpay's fundraising journey and the investors backing this innovative platform.
What Is Razorpay?
Razorpay, a prominent FinTech company, is headquartered in Bangalore, Karnataka, India. The company operates in the Finance, Financial Services, FinTech, and Payments industries, providing businesses with the tools to accept, process, and disburse payments efficiently.
Founded by Shashank Kumar and Harshil Mathur, Razorpay has grown significantly, employing between 1001-5000 people. The platform offers a wide range of services, including payment gateways, banking solutions, payroll automation, and credit facilities, catering to various sectors such as e-commerce, education, and BFSI.
How Much Funding Has Razorpay Raised?
- Seed Round
- Amount Raised: USD 2,600,000
- Date: March 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and develop the initial product offering.
- Series A
- Amount Raised: USD 9,000,000
- Date: October 2015
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and scale the platform's capabilities.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: July 2016
- Lead Investors: Mastercard
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To form strategic partnerships and enhance payment solutions.
- Series B
- Amount Raised: USD 20,000,000
- Date: January 2018
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enter new markets.
- Series C
- Amount Raised: USD 75,000,000
- Date: June 2019
- Lead Investors: Peak XV Partners, Ribbit Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and expand the customer base.
- Series D
- Amount Raised: USD 100,000,000
- Date: October 2020
- Lead Investors: GIC, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and technological advancements.
- Series E
- Amount Raised: USD 160,000,000
- Date: April 2021
- Lead Investors: GIC, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve product infrastructure.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: September 2021
- Lead Investors: Salesforce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic capabilities and partnerships.
- Series F
- Amount Raised: USD 375,000,000
- Date: December 2021
- Lead Investors: Alkeon Capital, Lone Pine Capital, TCV
- Valuation at Round: USD 7.5 billion
- Motivation Behind the Round: To scale operations and drive innovation in financial services.
- Secondary Market
- Amount Raised: USD 75,000,000
- Date: May 2022
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to employees and early investors.
Total Amount Raised: USD 816,600,000. Current Valuation: USD 7.5 billion.
Key Investors
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a global venture capital firm that focuses on early-stage investments. They have a strong presence in the enterprise, consumer, and health sectors.
- Investment Focus Areas: Enterprise, consumer, health.
- Notable Investments: Snapchat, Nest, GrubHub.
- GIC
- Details: GIC is a sovereign wealth fund established by the Government of Singapore to manage its foreign reserves. It invests across a range of asset classes, including equities, fixed income, real estate, and private equity.
- Investment Focus Areas: Equities, fixed income, real estate, private equity.
- Notable Investments: Not publicly disclosed.
- Peak XV Partners
- Details: Peak XV Partners, formerly known as Sequoia Capital India, is a venture capital firm that invests in early and growth-stage companies in India and Southeast Asia. They focus on technology, consumer, and healthcare sectors.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Byju's, Zomato, OYO Rooms.
- Alkeon Capital
- Details: Alkeon Capital is a global investment firm that focuses on long-term investments in technology and growth companies. They manage both public and private equity portfolios.
- Investment Focus Areas: Technology, growth companies.
- Notable Investments: Not publicly disclosed.
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise cloud companies. They aim to accelerate the growth of the next generation of enterprise technology.
- Investment Focus Areas: Enterprise cloud, technology.
- Notable Investments: Not publicly disclosed.
What's Next for Razorpay?
Razorpay's future looks promising as it aims to expand its merchant base from eight million to ten million and increase its total payment value to $90 billion by the end of 2022. This growth trajectory positions Razorpay to strengthen its leadership in the fintech sector, particularly in neo-banking and SME payments.
Given its recent successful funding rounds, Razorpay is well-placed to attract further investments. The company may explore additional secondary transactions or primary funding rounds to support its ambitious growth plans. However, maintaining high growth rates in a competitive market and managing regulatory changes will be crucial challenges.
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