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Razorpay raises $160m in Series E funding

India based digital payments company raised $160m in Series E funding led by GIC and Sequoia Capital India. 

“We are one of the largest payments providers in the Indian ecosystem. We want to take the learnings we have in India to the Southeast Asian market. Before the end of the financial year, we want to launch in one or two Southeast Asian markets,” said Mathur, adding that the new round gives it the valuation to more confidently explore some M&A opportunities to accelerate growth.

Tags

payments, india, emerging markets