TCV in advanced talks with Razorpay to lead a new $270 million fundraising
- ByStartupStory | November 26, 2021
TCV counts foremost international tech companies of this sort as Netflix and Airbnb among its portfolio firms. It manufactured it to start with at any time financial investment in India in March, betting on fantasy gaming system Dream11, adopted by logistics administration startup FarEye in Could. Some of Razorpay’s current investors would also take part in the new fundraising, the men and women cited earlier mentioned.
Talks are also on with other marquee worldwide traders, the persons stated, including that a portion of the funds would be utilized for inorganic progress options.
A spokesperson for Razorpay declined to comment. TCV did not answer an email in search of a remark.
Razorpay previously lifted $160 million in a Collection E spherical in April when it was valued at $3 billion. The round was led by Singapore sovereign wealth fund GIC and joined by current investors Sequoia Money, Ribbit Cash, and Matrix Associates.
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