October 24, 2020

24X7 News Guru

The Real Time News

Razorpay sixth Indian unicorn in pandemic year

In the midst of a pandemic, India now has half-a-dozen unicorns as payment startup Razorpay’s valuation more than doubles to $1 billion with its latest $100 million fund-raise -- co-led by Singapore’s sovereign wealth fund GIC and marquee venture capital firm Sequoia Capital. For Razorpay, the pandemic has accelerated its journey to the coveted unicorn club as the Bengaluru-based company saw five times growth in transaction value to $25 billion....

In the midst of a pandemic, India now has half-a-dozen unicorns as payment startup Razorpay’s valuation more than doubles to $1 billion with its latest $100 million fund-raise — co-led by Singapore’s sovereign wealth fund GIC and marquee venture capital firm Sequoia Capital. For Razorpay, the pandemic has accelerated its journey to the coveted unicorn club as the Bengaluru-based company saw five times growth in transaction value to $25 billion.

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