The GMO and Mastercard-backed digital payment portal operator received its latest funding at a $3bn valuation and has now raised roughly $370m in total.

Razorpay, the India-based digital payment platform that counts internet company GMO and payment services group Mastercard among its investors, secured $160m in series E funding yesterday.

Singaporean state-owned investment firm GIC and venture capital firm Sequoia Capital India co-led the round, which included Matrix Partners and Ribbit Capital, valuing the company at $3bn.

Founded in 2014, Razorpay has built an online portal which enables local users to carry out business payments including e-commerce transactions and employee payroll. It claims to…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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