Razorpay joined the Unicorn Club on October 11, 2020 after crossing a $1 billion valuation during its Series E funding phase. Headquartered in Bengaluru, Karnataka, India, Razorpay provides a comprehensive financial technology platform offering payments, business banking, payroll, and credit solutions for businesses of all sizes.
The platform enables online and in store payments, international transactions, automated payroll, and access to working capital.
Keep reading to learn how Razorpay became one of India’s most valuable fintech companies.
What Is Razorpay and What Does It Do?
Founded in 2014, Razorpay is a payments and business banking platform designed for startups, SMEs, and enterprises. The company helps businesses accept, process, and manage payments through a unified technology stack.
Razorpay offers payment gateway services, payroll automation, business banking tools, international payment support, point of sale solutions, and credit products. Its APIs and dashboards enable seamless financial operations, compliance, and cash flow management.
How Much Funding Has Razorpay Raised?
1. Seed Round
- Amount Raised: $2.6 million
- Date: 2014
- Lead Investors: Y Combinator, angel investors
- Purpose: Build the initial payments gateway and launch merchant onboarding
2. Series A Round
- Amount Raised: $9 million
- Date: 2015
- Lead Investors: Tiger Global Management, Matrix Partners India
- Purpose: Scale merchant acquisition and expand payment capabilities
3. Series B Round
- Amount Raised: $20 million
- Date: 2016
- Lead Investors: Tiger Global Management
- Purpose: Strengthen platform reliability and expand product integrations
4. Series C Round
- Amount Raised: $11 million
- Date: 2018
- Lead Investors: Existing investors
- Purpose: Enhance product depth and support growing transaction volumes
5. Series D Round
- Amount Raised: $75 million
- Date: 2019
- Lead Investors: Ribbit Capital
- Purpose: Expand into business banking and financial services
6. Series E Round
- Amount Raised: $100 million
- Date: October 2020
- Valuation: $1 billion
- Lead Investors: GIC
- Purpose: Accelerate platform expansion and strengthen enterprise offerings
7. Series F Round
- Amount Raised: $375 million
- Date: December 2021
- Valuation: $7.5 billion
- Lead Investors: Lone Pine Capital, Alkeon Capital
- Purpose: Scale global ambitions, expand credit products, and pursue acquisitions
Total Funding Raised: $742 million Latest Funding Date: December 2021 Latest Known Valuation: $9.2 billion Employee Count: 3,028 as of August 2025
Key Investors
- Lone Pine Capital
- Details: Global investment firm focused on public and private equities
- Focus Areas: Technology, fintech, and internet platforms
- GIC
- Details: Sovereign wealth fund of Singapore
- Focus Areas: Long term investments across technology and financial services
- Tiger Global Management
- Details: Global investment firm backing high growth technology companies
- Focus Areas: Internet, software, and fintech platforms
- Ribbit Capital
- Details: Venture capital firm focused on financial technology
- Focus Areas: Payments, digital banking, and financial infrastructure
- Matrix Partners India
- Details: Venture capital firm supporting early stage technology startups
- Focus Areas: SaaS, fintech, and consumer internet
Where Is Razorpay’s Headquarters?
Razorpay is headquartered in Bengaluru, Karnataka, India, supporting its engineering, product development, and financial operations teams.
What’s Next for Razorpay?
Razorpay plans to deepen its financial services ecosystem, expand credit and lending products, and strengthen international payment capabilities. The company is focused on building an end to end operating system for businesses while improving compliance, security, and scalability across its fintech platform.
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