October 12 - 10:10
India's Razorpay becomes tech unicorn
Indian fintech startup Razorpay has raised $100 million in funding, becoming a tech unicorn. Razorpay offers online banking services for small businesses. The funding round was co-led by GIC, the sovereign wealth fund of Singapore, and existing investor Sequoia Capital. Razorpay aims to become the first Indian neo-bank to obtain a $1 billion valuation. Razorpay has raised $206.5 million to date.
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