Razorpay Raises $75M Series C for India Payment Infrastructure

Razorpay, an Indian online payments infrastructure company, announced a $75 million Series C funding round led by Ribbit Capital and Sequoia Capital. The round also included participation from Tiger Global and the Y Combinator Continuity Fund, bringing Razorpay's estimated enterprise value to approximately $450 million. Razorpay provides payment APIs and embedded financial services to businesses across India, enabling them to accept, process, and disburse payments.

The company's platform serves as a critical layer of embedded finance infrastructure in one of the world's fastest-growing digital payments markets. The funding was intended to expand Razorpay's product suite and deepen its presence in the Indian SME and enterprise segments. The round highlighted strong investor appetite for payments infrastructure companies operating in high-growth emerging markets.

Razorpay's model of providing financial services APIs to businesses aligns closely with the broader BaaS and embedded finance trend.