Fintech unicorn Razorpay's value jumps to $7.5 bn; up 7.5x in 15 months

Razorpay was valued at $1 billion in October 2020 and $3 billion in April 2021

Fintech unicorn Razorpay has raised $375 million in the Series F round of funding at a $7.5-billion valuation, making it India’s second-most valuable start-up in this space, after Paytm. The company valuation has surged over seven times in 15 months, helping it push Walmart-owned digital payments firm PhonePe to the third spot on the country’s most-valuable fintech list.

Razorpay’s latest round of fundraising was led by Lone Pine Capital, Alkeon Capital, and TCV. It also received participation from existing investors like Tiger Global, Sequoia Capital India, GIC, and Y Combinator. The money would be invested in Razorpay’s goal to become