<article>Online payments startup <a href="https://www.dealstreetasia.com/?s=Razorpay" target="_blank" rel="noopener">Razorpay</a> is in advanced discussions with Silicon Valley venture capital firm <a href="https://www.dealstreetasia.com/stories/tencent-kakao-nexon-124063/" target="_blank" rel="noopener">Sequoia Capital</a> to raise $75-100 million in new funding, The Times of India <a href="https://timesofindia.indiatimes.com/city/bengaluru/razorpay-in-talks-with-sequoia-others-for-75m/articleshow/68247361.cms">reported</a> citing sources.</article>

Online payments startup <a href="https://www.dealstreetasia.com/?s=Razorpay" target="_blank" rel="noopener">Razorpay</a> is in advanced discussions with Silicon Valley venture capital firm <a href="https://www.dealstreetasia.com/stories/tencent-kakao-nexon-124063/" target="_blank" rel="noopener">Sequoia Capital</a> to raise $75-100 million in new funding, The Times of India <a href="https://timesofindia.indiatimes.com/city/bengaluru/razorpay-in-talks-with-sequoia-others-for-75m/articleshow/68247361.cms">reported</a> citing sources.
Sequoia is expected to lead the financing round, which is likely to value the Bengaluru-based startup at about $425-450 million, the report added.
Founded in December 2014 by Shashank Kumar and Harshil Mathur, Razorpay authenticates and accepts payments made through credit, debit cards, internet banking and digital wallets by providing a secure link between merchants and users. It was included in the Y Combinator accelerator programme in 2015.
Aside from <a href="https://www.dealstreetasia.com/?s=Y Combinator" target="_blank" rel="noopener">Y Combinator,</a> it counts <a href="https://www.dealstreetasia.com/?s=Tiger Global" target="_blank" rel="noopener">Tiger Global</a>, Matrix Partners India and Apoletto Managers, the private investment arm of Russian billionaire Yuri Milner’s DST Global, among its investors. These investors, too, are likely to participate in the latest funding round, the report said.
In November, The Economic Times reported that Tiger Global had acquired shares from 140 employees of Razorpay who had cashed in their company-issued stock options.
The startup raised $20 million in a Series B funding round led by existing investors Tiger Global Management and Y Combinator in January last year. The round was also joined by Matrix Partners. In 2016, Razorpay raised an undisclosed amount of funding from Mastercard Inc. Prior to that, it had raised $11.5 million from Tiger Global, Matrix Partners and Y Combinator, along with some angel investors.
Razorpay also ventured into lending to its merchants about two months ago. The lending business, Razorpay Capital, is disbursing about $10 million a month currently, and has about 600 merchants on its platform.
The digital payments space in India is dominated by companies such as Paytm, PhonePe and Google Pay.
Mint reported last month that private equity firms KKR &amp; Co. and General Atlantic LLC have expressed interest in investing in Flipkart’s digital payments arm, PhonePe Pvt. Ltd. Some existing investors of Walmart Inc.-owned Flipkart, such as Tiger Global and Tencent, are also likely to invest in PhonePe.
In January, online payment solution provider Instamojo Technologies Pvt. Ltd raised Rs 50 crore in Series B funding round from Japan-based Gunosy Capital and other investors.
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<a href="https://www.dealstreetasia.com/stories/tonetag-amazon-mastercard-98752/">Payments startup ToneTag raises up to $10m from  Amazon, Mastercard, others</a>
<a href="https://www.dealstreetasia.com/stories/kkr-general-atlantic-phonepe-120650/">KKR, General Atlantic may invest in Flipkart’s payments arm PhonePe</a>

Sequoia is expected to lead the financing round, which is likely to value the Bengaluru-based startup at about $425-450 million.

Sequoia may lead up to $100m funding in India's Razorpay

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Sequoia may lead up to $100m funding in India's Razorpay

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