Razorpay Targets USD 4 Billion Valuation After Next Fundraising Round
The payments platform is in discussions with hedge funds such as Tiger Global Management, D1 Capital Partners, Coatue Management, and other technology-focused funds
Razorpay, a fintech unicorn, is in talks with significant worldwide funds to raise USD 200 million - USD 250 million at a valuation of around USD 4 billion, as per the statement given by two members familiar with this valuation. The payments platform is in discussions with hedge funds such as Tiger Global Management, D1 Capital Partners, Coatue Management, and other technology-focused funds, such as DST Global, Dragoneer Investment Group, and Falcon Edge Capital, stated by the anonymous members.
The company counts Sequoia Capital, Matrix Partners, and Rabbit Capital among its supporters. It wasn’t clear whether any of the current investors would sell their stakes in the future transaction. Razorpay raised USD 160 million this year at a valuation of about USD 3 billion, a move to scale up its business banking unit.
Razorpay was incorporated in 2013 by the Indian Institute of Technology (IIT)-Roorkee alumni Shashank Kumar and Harshil Mathur raised USD 366.5 million in investments to date, including USD 100 million in a Series D funding in 2020.
