Razorpay raises $160 mn led by Sequoia Capital and GIC

Razorpay, India’s leading Payments and Business Banking platform, has raised $160 million in its Series E fundraise.
Razorpay founders
This round was co-led by Sequoia Capital and GIC, Singapore’s sovereign wealth fund, along with participation from Ribbit Capital and Matrix Partners.

Razorpay plans to infuse the freshly raised capital to scale up its Business Banking suite, invest in new Acquisitions and launch in International markets such as South-East Asian countries. The fintech is already hiring more than 600 employees to fuel its growth plans.

Razorpay raised $366.5 million to date.