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Razorpay raises $20 mn from Tiger Global, others in Series B round

Tiger Global, Y Combinator and Matrix partners lead the round

Romita Majumdar  |  Mumbai 

Converged payments solutions company Razorpay today announced its Series B funding round of $20 million, led by Tiger Global and Y Combinator along with participation from Matrix Partners. The current round raises the total funding the company has received to $31.5 million.

The company had previously raised $11.5 million in their Series A round from the same marquee investors along with 33 angel investors, and a strategic investment by MasterCard in 2016. The new round of funding will be used to scale up the technological capabilities and product offerings. The funds will be used to expand ...

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First Published: Mon, January 15 2018. 17:48 IST
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