The funding has valued Razorpay at about $450 million.
The round was led by Impulse VC, a Russian venture capital firm backed by billionaire Roman Abramovich, and Dubai-based VentureSouq.
The latest round takes the total capital raised by Bounce to $92 million.
The new fund will target 25-30 investments in seed to pre-Series A startups with an average ticket size of around $250,000.
Startups participating in NEXEA's program will get mentoring support and have an opportunity to get funded by the VC and its co-investment partners.
SwitchOn will use the funds to strengthen the edge-compute architecture, expand the team and market adoption in India.
Rest of Asia
The fund seeks to write loans over a three-year term, with most falling in the $2 million to $10 million range.
The company will use the fresh capital mainly for product development, talent recruitment and to beef up its marketing efforts.
ICOS Capital, VI Partners and some existing investors also participated in Gamaya's Series B funding round.
Eight Roads has invested $6 billion globally through VC, principal investments and real estate investments.
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