BENGALURU, Oct. 16 -- Payments gateway Razorpay has raised $100 million in its latest funding round led by Singapore's sovereign wealth fund GIC and existing investor Sequoia India, joining the exclusive club of startups valued at more than a billion dollars.
Existing investors Ribbit Capital, Tiger Global, Y Combinator and Matrix Partners also participated in the Series D round. It has raised $206.5 million since inception in 2014, including $75 million in the previous round of fundraising last year.
Razorpay is the fifth Indian fintech firm to achieve 'unicorn' status after online payment gateway BillDesk, Flipkart-owned PhonePe and insurtech startup PolicyBazaar, which were all valued at over $1 billion in 2018.
Paytm entered the unic...