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Goodwin, Rajaram, Algo in $100m Series D unicorn round for Razorpay from GIC, Sequoia, others

Razorpay, a Bengaluru startup which provides end-to-end payments solutions to businesses, has raised $100 million in its series D round of funding. In the process, the venture has been valued by investors at over $1 billion, making it the latest fintech unicorn in India. This investment round was co-led by GIC, Singapore’s sovereign wealth fund, and Sequoia India, along with participation from Ribbit Capital, Tiger Global, Y Combinator and Matrix Partners. The new funding gives Razorpay $206.5 million in investments since its inception in 2014. The startup raised $75 million in its series C round in 2019.


Rajaram Legal advised existing investor Matrix Partners India led by a team of partner Prasad Subramanyan and senior associate Nikita Rajwade.

US law firm Goodwin Procter acted for Razorpay, with a team including lawyers Steven M Locascio, James Nikraftar, Sean Greaney, Kyle Downing and Craig Schmitz.

Update 16 November 2020: Algo Legal advised Sequoia led by a team including partner Ankit Guha and senior associate Ronak Shah.


Deal value: $100M

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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