Razorpay’s $100 Million Series D Financing


Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP advised Sequoia Capital India and Tiger Global on the deal.

Bangalore-headquartered Razorpay, one of a handful of Indian fintech startups that has demonstrated accelerated growth in recent years, has joined the coveted unicorn club after raising $100 million in a new financing round.

The new financing round, a Series D, was co-led by Singapore’s sovereign wealth fund GIC and Sequoia India. Existing investors Ribbit Capital, Tiger Global, Y Combinator and Matrix Partners also participated in the round, which brings Razorpay’s total to-date raise to $206.5 million.

Razorpay accepts, processes and disburses money online for small businesses and enterprises. In recent years, the startup has expanded its offerings to provide loans to businesses and also launched a neo-banking platform to issue corporate credit cards, among other products.

The Gunderson deal team was led by Jonathan Pentzien (Picture) and included David He and Jackie DeVore.

Involved fees earner: Jacquelyn DeVore – Gunderson Dettmer; David He – Gunderson Dettmer; Jonathan Pentzien – Gunderson Dettmer;

Law Firms: Gunderson Dettmer;

Clients: Sequoia Capital India Advisors Private Limited; Tiger Global Management;

Author: Michael Patrini