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Razorpay valuation, funding and investors

Razorpay works in digital payment solutions development, based in Adugodi, India. Founded in 2014, it has about 3,700 employees.

VALUATION · TODAY
$5.02B +0% after Series F
Range $764M – $13.14B · Grade D
TODAY
+12 MO
$5.00B
$10.00B
$15.00B
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Series A $9.00M
Series B $20.0M
Series C $75.0M
Series D $100M
Series E $160M
Series F $375M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY3,700 employees
+0%6m growth
+0%1y growth
−26%2y growth
2,000
4,000
6,000
Data from Jan 2021
TODAY
Predicted in 1 yr $5.02B +0% vs today
Predicted next raise $1.45B if a round comes
Winding-down probability 46%
Last round
Series F · $375M · Dec 2021
Valuation at last round
$7.50B
Headcount
3,700
Grade
D
Founded
2014
How VCMC values companies →

Razorpay valuation today

VCMC values Razorpay at $5.0B today, with a range of $764M to $13.1B and a grade of D. The valuation starts from its last funding round, a Series F round in Dec 2021.

Valuation by date (161 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Razorpay: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2014$2.52M$0.92M – $6.92M$2.64M (+5%)before first round–unknownD0%
1 Feb 2014$2.53M$0.92M – $6.95M$2.65M (+5%)before first round–unknownD0%
1 Mar 2014$2.54M$0.92M – $6.98M$2.66M (+5%)before first round–unknownD0%
1 Apr 2014$2.55M$0.93M – $7.00M$2.67M (+5%)before first round–unknownD0%
1 May 2014$2.56M$0.93M – $7.03M$2.68M (+5%)before first round–unknownD0%
1 Jun 2014$2.57M$0.94M – $7.06M$2.69M (+5%)before first round–unknownD0%
1 Jul 2014$2.58M$0.94M – $7.09M$2.70M (+5%)before first round–unknownD0%
1 Aug 2014$2.59M$0.94M – $7.12M$2.71M (+5%)before first round–unknownD0%
1 Sep 2014$2.60M$0.95M – $7.14M$2.73M (+5%)before first round–unknownD0%
1 Oct 2014$2.61M$0.95M – $7.17M$2.74M (+5%)before first round–unknownD0%
1 Nov 2014$2.62M$0.95M – $7.20M$2.75M (+5%)before first round–unknownD0%
1 Dec 2014$2.63M$0.96M – $7.23M$2.76M (+5%)before first round–unknownD0%
1 Jan 2015$2.64M$0.96M – $7.26M$2.77M (+5%)before first round–unknownD0%
1 Feb 2015$2.65M$0.97M – $7.29M$2.78M (+5%)before first round–unknownD0%
1 Mar 2015$2.66M$0.97M – $7.31M$2.79M (+5%)before first round–unknownD0%
1 Apr 2015$2.67M$0.97M – $7.34M$2.80M (+5%)before first round–unknownD0%
1 May 2015$2.68M$0.98M – $7.37M$2.81M (+5%)before first round–unknownD0%
1 Jun 2015$2.69M$0.98M – $7.40M$2.82M (+5%)before first round–unknownD0%
1 Jul 2015$2.70M$0.98M – $7.43M$2.83M (+5%)before first round–unknownD0%
1 Aug 2015$2.71M$0.99M – $7.46M$2.91M (+7%)before first round–unknownD0%
1 Sep 2015$2.73M$0.99M – $7.49M$2.99M (+10%)before first round–unknownD0%
1 Oct 2015$2.74M$1.00M – $7.52M$3.06M (+12%)before first round–unknownD0%
28 Oct 2015$43.5M$28.6M – $119M$78.3M (+80%)after a round–unknownC0%
1 Nov 2015$43.8M$28.6M – $119M$78.3M (+79%)after a round–unknownC0%
1 Dec 2015$46.0M$28.6M – $119M$78.3M (+70%)after a round–unknownC0%
1 Jan 2016$48.4M$28.6M – $119M$78.3M (+62%)after a round–unknownC0%
1 Feb 2016$50.8M$28.6M – $119M$78.3M (+54%)after a round–unknownC0%
1 Mar 2016$53.3M$28.6M – $119M$78.3M (+47%)after a round–unknownC0%
1 Apr 2016$56.0M$28.6M – $119M$78.3M (+40%)after a round–unknownC0%
1 May 2016$58.7M$28.6M – $119M$78.3M (+33%)after a round–unknownC0%
1 Jun 2016$61.7M$28.6M – $119M$78.3M (+27%)after a round–unknownC0%
1 Jul 2016$64.8M$28.6M – $119M$78.3M (+21%)after a round–unknownC0%
1 Aug 2016$68.1M$28.6M – $119M$78.3M (+15%)after a round–unknownC0%
1 Sep 2016$71.6M$28.6M – $119M$78.3M (+9%)after a round–unknownC0%
1 Oct 2016$75.1M$28.6M – $119M$78.3M (+4%)after a round–unknownC0%
1 Nov 2016$78.3M$28.3M – $119M$78.3M (0%)after a round–unknownC0%
1 Dec 2016$78.3M$26.9M – $119M$78.3M (0%)after a round–unknownC0%
1 Jan 2017$78.3M$25.6M – $119M$78.3M (0%)after a round–unknownC0%
1 Feb 2017$78.3M$24.3M – $119M$78.3M (0%)after a round–unknownC0%
1 Mar 2017$78.3M$23.2M – $119M$78.3M (0%)after a round–unknownC0%
1 Apr 2017$78.3M$22.1M – $119M$78.3M (0%)after a round–unknownC0%
1 May 2017$78.3M$21.0M – $119M$78.3M (0%)after a round–unknownC0%
1 Jun 2017$78.3M$20.0M – $119M$78.3M (0%)after a round–unknownC0%
1 Jul 2017$78.3M$19.0M – $119M$78.3M (0%)after a round–unknownC0%
1 Aug 2017$78.3M$18.1M – $119M$78.3M (0%)after a round–unknownC0%
1 Sep 2017$78.3M$17.2M – $119M$78.3M (0%)after a round–unknownC0%
1 Oct 2017$78.3M$16.3M – $119M$78.3M (0%)after a round–unknownC0%
1 Nov 2017$78.3M$15.5M – $119M$78.3M (0%)after a round–unknownD0%
1 Dec 2017$78.3M$14.8M – $119M$78.3M (0%)after a round–unknownD0%
1 Jan 2018$78.3M$14.1M – $119M$78.3M (0%)after a round–unknownD0%
17 Jan 2018$117M$82.5M – $249M$176M (+50%)after a round–unknownB0%
1 Feb 2018$119M$82.5M – $249M$176M (+47%)after a round–unknownB0%
1 Mar 2018$123M$82.5M – $249M$176M (+43%)after a round–unknownB0%
1 Apr 2018$127M$82.5M – $249M$176M (+38%)after a round–unknownB0%
1 May 2018$131M$82.5M – $249M$176M (+33%)after a round–unknownB0%
1 Jun 2018$136M$82.5M – $249M$176M (+29%)after a round–unknownB0%
1 Jul 2018$141M$82.5M – $249M$176M (+25%)after a round–unknownB0%
1 Aug 2018$146M$82.5M – $249M$176M (+21%)after a round–unknownB0%
1 Sep 2018$151M$82.5M – $249M$176M (+16%)after a round–unknownB0%
1 Oct 2018$156M$82.5M – $249M$176M (+13%)after a round–unknownB0%
1 Nov 2018$161M$82.5M – $249M$176M (+9%)after a round–unknownB0%
1 Dec 2018$167M$82.5M – $249M$176M (+5%)after a round–unknownB0%
1 Jan 2019$173M$82.5M – $249M$176M (+2%)after a round–unknownB0%
1 Feb 2019$176M$80.6M – $249M$176M (0%)after a round–unknownB0%
1 Mar 2019$176M$77.5M – $249M$176M (0%)after a round–unknownB0%
1 Apr 2019$176M$74.1M – $249M$176M (0%)after a round–unknownC0%
1 May 2019$176M$71.0M – $249M$176M (0%)after a round–unknownC0%
1 Jun 2019$176M$67.9M – $249M$176M (0%)after a round–unknownC0%
19 Jun 2019$430M$303M – $793M$559M (+30%)after a round–unknownB0%
1 Jul 2019$434M$303M – $793M$559M (+29%)after a round–unknownB0%
1 Aug 2019$444M$303M – $793M$559M (+26%)after a round–unknownB0%
1 Sep 2019$454M$303M – $793M$559M (+23%)after a round–unknownB0%
1 Oct 2019$464M$303M – $793M$559M (+21%)after a round–unknownB0%
1 Nov 2019$474M$303M – $793M$559M (+18%)after a round–unknownB0%
1 Dec 2019$485M$303M – $793M$559M (+15%)after a round–unknownB0%
1 Jan 2020$496M$303M – $793M$559M (+13%)after a round–unknownB0%
1 Feb 2020$507M$303M – $793M$559M (+10%)after a round–unknownB0%
1 Mar 2020$517M$303M – $793M$559M (+8%)after a round–unknownB0%
1 Apr 2020$529M$303M – $793M$559M (+6%)after a round–unknownB0%
1 May 2020$541M$303M – $793M$559M (+3%)after a round–unknownB0%
1 Jun 2020$553M$303M – $793M$559M (+1%)after a round–unknownB0%
1 Jul 2020$559M$297M – $793M$559M (0%)after a round–unknownB0%
1 Aug 2020$559M$283M – $793M$559M (0%)after a round–unknownB0%
1 Sep 2020$559M$271M – $793M$559M (0%)after a round–unknownB0%
1 Oct 2020$559M$259M – $793M$559M (0%)after a round–unknownB0%
12 Oct 2020$1.0B$869M – $1.5B$1.3B (+30%)after a round–unknownA0%
1 Nov 2020$1.0B$869M – $1.5B$1.3B (+28%)after a round–unknownA0%
1 Dec 2020$1.0B$869M – $1.5B$1.3B (+25%)after a round–unknownA0%
1 Jan 2021$1.1B$869M – $1.5B$1.3B (+23%)after a round750unknownA0%
1 Feb 2021$1.1B$869M – $1.5B$1.3B (+20%)after a round750unknownA0%
1 Mar 2021$1.1B$869M – $1.5B$1.3B (+17%)after a round750unknownA0%
1 Apr 2021$1.1B$869M – $1.5B$1.3B (+15%)after a round750unknownA0%
20 Apr 2021$3.0B$2.6B – $4.5B$3.9B (+30%)after a round750unknownA0%
1 May 2021$3.0B$2.6B – $4.5B$3.9B (+29%)after a round750unknownA0%
1 Jun 2021$3.1B$2.6B – $4.5B$3.9B (+26%)after a round750unknownA0%
1 Jul 2021$3.2B$2.6B – $4.5B$3.9B (+23%)after a round750unknownA0%
1 Aug 2021$3.2B$2.6B – $4.5B$3.9B (+21%)after a round750unknownA0%
1 Sep 2021$3.3B$2.6B – $4.5B$3.9B (+18%)after a round750unknownA0%
1 Oct 2021$3.4B$2.6B – $4.5B$3.9B (+15%)after a round750unknownA0%
1 Nov 2021$3.5B$2.6B – $4.5B$3.9B (+13%)after a round750unknownA0%
1 Dec 2021$3.5B$2.6B – $4.5B$3.9B (+11%)after a round750unknownA0%
21 Dec 2021$7.5B$6.5B – $11.2B$9.7B (+30%)after a round750unknownA0%
1 Jan 2022$7.6B$6.5B – $11.2B$9.7B (+29%)after a round750unknownA0%
1 Feb 2022$7.7B$6.5B – $11.2B$9.7B (+26%)after a round750unknownA0%
1 Mar 2022$7.9B$6.5B – $11.2B$9.7B (+24%)after a round1,800growingA0%
1 Apr 2022$8.1B$6.5B – $11.2B$9.7B (+21%)after a round1,800growingA0%
1 May 2022$8.2B$6.5B – $11.2B$9.7B (+18%)after a round1,800growingA0%
1 Jun 2022$8.4B$6.5B – $11.2B$9.7B (+16%)after a round1,800growingA0%
1 Jul 2022$8.6B$6.5B – $11.2B$9.7B (+13%)after a round1,800growingA0%
1 Aug 2022$8.8B$6.5B – $11.2B$9.7B (+11%)after a round1,800unknownA0%
1 Sep 2022$9.0B$6.5B – $11.2B$9.7B (+8%)after a round1,800unknownA0%
1 Oct 2022$9.2B$6.5B – $11.2B$9.7B (+6%)after a round1,800unknownA0%
1 Nov 2022$9.4B$6.5B – $11.2B$9.7B (+4%)after a round1,800unknownA0%
1 Dec 2022$9.6B$6.5B – $11.2B$9.7B (+1%)after a round1,800unknownA0%
1 Jan 2023$9.7B$6.4B – $11.2B$9.7B (0%)after a round1,800unknownA0%
1 Feb 2023$10.6B$6.6B – $12.2B$10.6B (0%)after a round2,600growingB0%
1 Mar 2023$10.6B$6.7B – $12.2B$10.6B (0%)after a round2,600growingA0%
1 Apr 2023$10.6B$6.8B – $12.2B$10.6B (0%)after a round2,600growingA0%
1 May 2023$10.6B$6.9B – $12.2B$10.6B (0%)after a round2,600growingA0%
1 Jun 2023$10.6B$7.0B – $12.2B$10.6B (0%)after a round2,600growingA0%
1 Jul 2023$10.6B$7.0B – $12.2B$10.6B (0%)after a round2,600growingA0%
1 Aug 2023$10.6B$7.1B – $12.2B$10.6B (0%)after a round2,600growingA0%
1 Sep 2023$10.6B$4.7B – $12.2B$10.6B (0%)after a round2,600unknownB0%
1 Oct 2023$10.6B$4.5B – $12.2B$10.6B (0%)after a round2,600unknownB0%
1 Nov 2023$11.1B$6.5B – $12.8B$11.1B (0%)after a round3,300upB0%
1 Dec 2023$11.1B$6.5B – $12.8B$11.1B (0%)after a round3,300upB0%
1 Jan 2024$11.1B$5.9B – $12.8B$11.1B (0%)after a round3,300upB0%
1 Feb 2024$11.1B$5.8B – $12.8B$11.1B (0%)after a round3,300upB0%
1 Mar 2024$11.1B$5.7B – $12.8B$11.1B (0%)after a round3,300upB0%
1 Apr 2024$11.0B$5.5B – $12.6B$10.9B (-1%)after a round3,100upB0%
1 May 2024$11.0B$5.4B – $12.6B$10.9B (-1%)after a round3,100upB0%
1 Jun 2024$11.0B$5.3B – $12.6B$10.8B (-2%)after a round3,100upB0%
1 Jul 2024$11.0B$5.2B – $12.6B$10.8B (-2%)after a round3,100upB0%
1 Aug 2024$12.2B$8.4B – $14.0B$12.2B (0%)after a round5,000growingA0%
1 Sep 2024$12.2B$8.4B – $14.0B$12.2B (0%)after a round5,000growingA0%
1 Oct 2024$12.2B$8.4B – $14.0B$12.2B (0%)after a round5,000growingA0%
1 Nov 2024$12.2B$8.4B – $14.0B$12.2B (0%)after a round5,000growingA0%
1 Dec 2024$11.4B$2.4B – $13.1B$11.4B (0%)after a round3,600flatC0%
1 Jan 2025$11.4B$2.2B – $13.1B$11.4B (0%)after a round3,600flatC0%
1 Feb 2025$11.4B$3.7B – $13.1B$11.1B (-3%)after a round3,700upC0%
1 Mar 2025$11.4B$3.6B – $13.1B$11.0B (-3%)after a round3,700upC0%
1 Apr 2025$11.3B$3.5B – $13.0B$11.0B (-3%)after a round3,700upC0%
1 May 2025$11.1B$3.4B – $12.8B$10.3B (-7%)after a round3,700upC0%
1 Jun 2025$11.0B$3.3B – $12.7B$10.2B (-7%)after a round3,700upC0%
1 Jul 2025$11.0B$3.2B – $12.6B$10.2B (-7%)after a round3,700upC0%
1 Aug 2025$10.9B$3.1B – $12.5B$10.1B (-7%)after a round3,700upC0%
1 Sep 2025$10.8B$3.0B – $12.5B$10.0B (-7%)after a round3,700upC0%
1 Oct 2025$2.3B$1.4B – $6.0B$1.3B (-42%)after a round3,700shrinkingC97%
1 Nov 2025$2.2B$1.4B – $5.8B$1.3B (-42%)after a round3,700shrinkingC97%
1 Dec 2025$2.1B$1.3B – $5.7B$1.3B (-39%)after a round3,700shrinkingC97%
1 Jan 2026$2.0B$1.2B – $4.8B$1.3B (-34%)after a round3,700shrinkingC97%
1 Feb 2026$1.9B$1.2B – $4.7B$1.3B (-31%)after a round3,700shrinkingC97%
1 Mar 2026$2.9B$1.1B – $13.0B$2.3B (-22%)after a round3,700flatD89%
1 Apr 2026$3.1B$1.1B – $12.9B$2.5B (-19%)after a round3,700flatD82%
1 May 2026$3.3B$1.0B – $12.8B$2.8B (-16%)after a round3,700flatD76%
1 Jun 2026$3.7B$966M – $13.1B$3.3B (-11%)after a round3,700unknownD70%
1 Jul 2026$3.9B$920M – $13.1B$3.6B (-8%)after a round3,700unknownD64%
1 Aug 2026$4.2B$874M – $13.1B$4.0B (-5%)after a round3,700unknownD59%
1 Sep 2026$4.5B$831M – $13.1B$4.3B (-3%)after a round3,700unknownD54%
1 Oct 2026$4.7B$791M – $13.1B$4.7B (-1%)after a round3,700unknownD50%
24 Oct 2026$5.0B$764M – $13.1B$5.0B (0%)after a round3,700unknownD46%

Key facts about Razorpay

Founded
2014
Headquarters
Adugodi, India
Employees
about 3,700 +19% in a year
Total raised
$739M
Funding rounds
6
Last round
Series F Dec 2021

Razorpay was founded in 2014 by Harshil Mathur and Shashank Kumar.

Razorpay funding history

Razorpay has 6 funding rounds on record, from Oct 2015 to Dec 2021, $739M in total. The latest disclosed valuation is $7.50B post-money (Series F, Dec 2021).

  1. Series F 20 Dec 2021

    Led by Lone Pine Capital, Alkeon, Technology Crossover Ventures; with Tiger Global, Sequoia Capital India, GIC, Y Combinator.

    Sources: razorpay.com, razorpay.com

    $375M

    $7.50B post-money

  2. Series E 19 Apr 2021

    Led by Sequoia Capital, GIC, Sequoia Capital India; with Ribbit, Matrix.

    Sources: razorpay.com, razorpay.com, financialit.net and 1 more

    $160M

    $3.00B post-money

  3. Series D 11 Oct 2020

    Led by Sequoia India, GIC; with Ribbit, Tiger Global, Y Combinator, Matrix.

    Sources: techcrunch.com, razorpay.com, news.bloomberglaw.com and 1 more

    $100M

    $1.00B post-money

  4. Series C 18 Jun 2019

    Led by Ribbit, Sequoia Capital, Sequoia India; with Tiger Global, Y Combinator, Matrix.

    Sources: ibef.org, electronicpaymentsinternational.com, indianexpress.com

    $75M

  5. Series B 16 Jan 2018

    Led by Tiger Global, Y Combinator; with Matrix Partners.

    Sources: finsmes.com

    $20M

  6. Series A 27 Oct 2015

    Led by Tiger Global; with Matrix Partners.

    Sources: finsmes.com, yourstory.com, medianama.com

    $9.0M

Razorpay investors

13 investors have backed Razorpay; Y Combinator, GIC and Ribbit and 7 more led at least one round.

What Razorpay does

Razorpay works in payment processing & point of sale, with 16 recorded offerings and customers in financial services, e-commerce, education and BFSI.

Razorpay Payments Private Limited is an Indian financial technology company engaged in digital payments and financial services. The company operates as an RBI-authorised payment aggregator, providing payment solutions such as payment gateways, payment links, payment buttons, payment pages, QR codes, subscriptions, smart collect, optimizer, instant settlements, and international payments. Razorpay also offers a banking suite that includes current accounts, corporate credit cards, escrow accounts, forex transfers, tax payments, and digital lending services. Its services are designed to support businesses of various sizes and industries, with a global presence.

Description from Veridion's company data.

Products and services

  • Digital Payment Solutions Development
  • Payment Gateway Integration Services
  • Subscription Billing Services
  • Vendor Payout Services
  • Instant Payment Settlement Services
  • International Payment Processing Services
  • Banking Suite Services
  • Current Account Management Services
  • Corporate Credit Card Issuance Services
  • Escrow Account Management Services
  • Forex Transfer Services
  • Tax Payment Processing Services
  • Digital Lending Services
  • Working Capital Loan Services
  • AI-Powered Payment Routing Solutions
  • Payment Optimization Solutions

Markets

  • Financial Services
  • E-commerce
  • Education
  • BFSI
  • SaaS
  • Freelance

Technology

  • AI-Powered Routing

Business model

  • Business-to-Business
  • Service Provider
  • Software-as-a-Service
  • Enterprise

Industry codes (NAICS)

  • 522320 Financial Transactions Processing, Reserve, and Clearinghouse Activities 70% match
  • 522291 Consumer Lending 30% match

Questions about Razorpay

What is Razorpay worth?

Valuation $5.0B (range $764M to $13.1B), as of 24 Oct 2026. The last disclosed valuation was $7.50B (Series F, Dec 2021).

Has Razorpay raised money?

Razorpay has 6 funding rounds on record, from Oct 2015 to Dec 2021, $739M in total. The latest disclosed valuation is $7.50B post-money (Series F, Dec 2021).

Who has invested in Razorpay?

Y Combinator, GIC, Ribbit, Sequoia Capital, Sequoia Capital India and Sequoia India, and 7 more. Lead investors include Y Combinator, GIC, Ribbit and Sequoia Capital.

How many people work at Razorpay?

About 3,700, up 19% over the last year. Headcount rose from 750 in Jan 2021 to 5,000 in Jul 2024, then fell to 3,700 in Jan 2025.

What does Razorpay do?

Razorpay works in payment processing & point of sale, with 16 recorded offerings and customers in financial services, e-commerce, education and BFSI. Its main offerings are digital payment solutions development, payment gateway integration services and subscription billing services.

When was Razorpay founded, and where is it based?

Razorpay was founded in 2014 and is based in Adugodi, India. It has about 3,700 employees, up 19% over the last year.