Razorpay Raises $9M Led By Tiger Global In Series A Funding

Category: Technology

The company had earlier closed its seed round of $2.5 million from Matrix Partners, Y Combinator and angel investors including Kunal Bahl & Rohit Bansal (Snapdeal founders), Punit Soni (Flipkart CPO), Abhay Singhal, Amit Gupta & Naveen Tewari (Inmobi founders), Kunal Shah & Sandeep Tandon (Freecharge founders), Bill Gajda (SVP, Global Head of Innovation, Visa), Jeff Huber (SVP, GoogleX), Ram Shriram (Board member and an early investor in Google), Justin Kan (Y Combinator partner and Twitch Founder), in total 33 angel investors. This latest round brings the total raised capital of the firm to $11.5 million. Razorpay accepts and validates Internet payments via Credit/Debit Cards, Net Banking and digital wallets from the end customers in real-time. It provides a secure link between merchant website, various issuing institutions, acquiring banks and other payment networks. Few of its customers include: RoadRunnr, Lookup, Gozefo, Innerchef, Teen Patti Gold, LocalOye, UrbanPiper, Instafeez, Neostencil, Chai Point & Sattviko along with over 1800 other customers. - See more at: http://www.khanstory.com/2015/10/razorpay-raises-9m-led-by-tiger-global.html#sthash.QXrJF8LI.dpuf