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Indian fintech giant Razorpay valued at $7.5 billion in $375 million funding



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Razorpay has more than doubled its valuation to $7.5 billion from $3 billion in April as one of India’s largest fintech giants demonstrates fast growth and aggressively broadens its product offerings.
The Bangalore-headquartered startup, which is a market leader in payments processing in India, said Sunday evening it has raised $375 million in its Series F financing round. The new round, which brings more capital to the startup than all its other previous financings put together, was co-led by Lone Pine Capital, Alkeon Capital and TCV.
Existing investors Tiger Global, Sequoia Capital India, GIC and Y Combinator also participated in the new round, said Razorpay, which has rais …

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