India's Razorpay hits unicorn status after $100m Series D funding

Razorpay Founders (L-R), Harshil Mathur & Shashank Kumar

Bangalore, India-based payments solutions company Razorpay has become a unicorn following a $100-million Series D funding co-anchored by Singapore sovereign wealth fund GIC Pte and Sequoia India, according to a TechCrunch report.

The funding round, which reportedly valued the payments company at a little more than a billion dollars, was also participated by existing investors Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners.

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