Bengaluru: Razorpay has collected $ 375 million in funding rounds that appreciate the company at $ 7.5 billion, a seven-fold increase in a year.
This is one of the fastest increases in the assessment for Unicorn India.
Razorpay was valued at $ 1 billion in October last year, and at $ 3 billion in April.
Venture financial technology has collected $ 742 million to date.
The latest funding is led by Capital Lone Pine, Alkeon Capital and TCV.
Investors who have global Tiger, Sequoia Capital India, GIC and Y Combinators also participate.
Harshil Mathur, CEO and Co-Founder Razorpay, said the funds will be deployed to make a full stack financial ecosystem for business.
This will increase its business banking costs, Razorpayx, which equip entities to handle compliance requirements and operations.
Razorpayx recently added a tax payment suite, a platform for the need for small business tax payments, both TDS, GST, TCS or advance tax.
Razorpayx Dashboard provides a single and transparent business of all distributors for seamless collaboration between financial teams, external accountants, and business owners.
“We want to get to the point where if you want to start a business tomorrow and you come to Razorpay, we want to take care of everything related to managing finance seamlessly – banking, payment, paying salaries, tax payments, credit.
And as a scale of business, us will offer them a larger credit line, “Mathur said.