India's Razorpay Raises $20M Series B Led by Tiger Global and YC

On January 15, 2018, Indian Stripe-like payment gateway Razorpay announced a $20 million Series B funding round led by Tiger Global and Y Combinator Continuity, with existing investor Matrix Partners also participating. Razorpay provides a payments platform enabling businesses in India to accept, process, and disburse payments. The funding round attracted attention from major global players including Stripe, PayPal, Amazon, and Adyen, all of which were reportedly exploring partnerships or acquisitions to expand their presence in the Indian market.

The investment positioned Razorpay to strengthen its payment infrastructure offerings for Indian businesses competing with established players. The round highlighted growing investor interest in embedded finance and payment gateway infrastructure in emerging markets. No specific financial terms beyond the $20 million total were disclosed.