Funding round
Razorpay Series A
Razorpay, which works in digital payment solutions development in Adugodi, raised $9.0M in a Series A round announced on 27 Oct 2015, led by Tiger Global. 2 firms took part. It is Razorpay's first venture round on record.
$9.0M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Razorpay did not disclose a valuation in this round. It is Razorpay's first venture round on record, 1 year after it was founded in 2014. It is 1.2% of the $739M Razorpay has raised in the venture rounds on record. Razorpay raised again 27 months later: a Series B round of $20M in Jan 2018. Its next priced round, a Series D in Oct 2020, valued it at $1.00B.
Razorpay's funding rounds
Razorpay has 6 venture rounds on record. This one is highlighted.
- Series A this round 27 Oct 2015, led by Tiger Global $9.0M
- Series B 16 Jan 2018, led by Tiger Global and Y Combinator $20M
- Series C 18 Jun 2019, led by Ribbit, Sequoia Capital and Sequoia India $75M
- Series D 11 Oct 2020, led by Sequoia India and GIC $100M$1.00B post-money
- Series E 19 Apr 2021, led by Sequoia Capital, GIC and Sequoia Capital India $160M$3.00B post-money
- Series F 20 Dec 2021, led by Lone Pine Capital, Alkeon and Technology Crossover Ventures $375M$7.50B post-money
Investors
Who put money in
Tiger Global led the round with 1 other firm.
Lead investor
- Tiger Global new investor
Also in the round
- Matrix Partners new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, scaling operations and working capital.
- Hiring
- Scaling operations
- Working capital
Comparable rounds
How it compares
14 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $6.7M, and this round was 1.3 times the median. The closest in time, other companies' Series A rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 8 Oct 2015 | $4.2M | not disclosed | MATH Venture Partners and Dan Henry |
| Payment Processing & Point of Sale | 17 Nov 2015 | $13M | not disclosed | Kleiner Perkins |
| Payment Processing & Point of Sale | 7 Dec 2015 | $8.0M | not disclosed | Alta Ventures |
| Payment Processing & Point of Sale | 15 Jun 2015 | $15M | not disclosed | Aldrich Capital Partners |
| Payment Processing & Point of Sale | 25 Jun 2015 | $12M | not disclosed | Matrix Partners |
| Payment Processing & Point of Sale | 18 Feb 2016 | $9.2M | not disclosed | SoftBank Capital |
| Payment Processing & Point of Sale | 4 Feb 2016 | $7.0M | not disclosed | not named |
| Payment Processing & Point of Sale | 25 Feb 2016 | $5.6M | not disclosed | AppWorks and CDIB Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Razorpay raise in its Series A round?
Razorpay raised $9.0M in its Series A round, announced in Oct 2015.
Who led Razorpay's Series A round?
Tiger Global led it, with Matrix Partners.
What was Razorpay's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Payment Processing & Point of Sale?
14 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $6.7M, and this round was 1.3 times the median.
Did Razorpay raise again after this round?
Yes: a Series B round in Jan 2018 of $20M.