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.
Law Firms: Gunderson Dettmer;