Funding round
Razorpay Series F
Razorpay, which works in digital payment solutions development in Adugodi, raised $375M in a Series F round announced on 20 Dec 2021, led by Lone Pine Capital, Alkeon and Technology Crossover Ventures, at a $7.50B post-money valuation. 7 firms took part. It is Razorpay's sixth venture round on record; the one before was a Series E in Apr 2021.
$375M
Amount raised
$7.50B
Post-money valuation
$7.13B pre-money
7
Investors
3 leads
2.5x
Step-up from the Series E
$3.00B in Apr 2021
5.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Razorpay at $7.50B after the new money, 2.5 times the $3.00B of its Series E (Apr 2021). The $375M bought investors about 5.0% of the company. It came 8 months after Razorpay's Series E. It is 51% of the $739M Razorpay has raised in the venture rounds on record. No later venture round is on record for Razorpay.
Razorpay's funding rounds
Razorpay has 6 venture rounds on record. This one is highlighted.
- Series A 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 this round 20 Dec 2021, led by Lone Pine Capital, Alkeon and Technology Crossover Ventures $375M$7.50B post-money
Investors
Who put money in
Lone Pine Capital, Alkeon and Technology Crossover Ventures led the round with 4 other firms.
Lead investors
- Lone Pine Capital new investor
- Alkeon backs 51 venture-backed companies new investor
- Technology Crossover Ventures backs 86 venture-backed companies new investor
Also in the round
- Tiger Global backs 391 venture-backed companies new investor
- Sequoia Capital India new investor
- GIC backs 98 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series F rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tipalti Payment Processing & Point of Sale | 8 Dec 2021 | $270M | $8.30B | G Squared |
| SpotOn Payment Processing & Point of Sale | 18 May 2022 | $300M | $3.60B | Dragoneer Investment Group |
| CRED Payment Processing & Point of Sale | 9 Jun 2022 | $140M | $6.40B | GIC |
| Payment Processing & Point of Sale | 24 Jun 2022 | $80M | not disclosed | Asia Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Razorpay raise in its Series F round?
Razorpay raised $375M in its Series F round, announced in Dec 2021.
Who led Razorpay's Series F round?
Lone Pine Capital, Alkeon and Technology Crossover Ventures led it, with Tiger Global, Sequoia Capital India, GIC and Y Combinator.
What was Razorpay's valuation at the Series F round?
$7.50B post-money ($7.13B pre-money).