Razorpay raises $160M, becomes India's 3rd most valuable fintech startup at $3B

Razorpay has raised $160 million in Series E funding round co-led by Sequoia India and Singapore's sovereign wealth fund GIC at a $3-billion valuation. This makes Bengaluru-based Razorpay India's third most valuable fintech startup after Paytm and PhonePe. Founded in 2014 by IIT Roorkee graduates Harshil Mathur and Shashank Kumar, Razorpay became a unicorn last year after a $100-million fundraise.