Submit a tip ↗I own shares I'm looking to buyDecksSign in
← Company explorer
RA
HISTORICAL P100 / #50

Razorpay

Fintech · India

Historical ranking valuation$7.50BSource snapshot: Jun 19, 2026
Financing events8
Named participants17
Captables stories1

Disclosed primary funding in this record

$106.5M

Sum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.

3 confirmed primary rounds with disclosed USD amounts · Record through 2026-09-29
THE BUSINESS

Get to know Razorpay.

Razorpay provides payment acceptance and financial operations tools for Indian businesses. Its platform also describes payouts, recurring payments, invoices and RazorpayX business-banking workflows.

Razorpay company overview ↗Source checked Sep 24, 2026

Valuation history

Valuations reported at the time of each round.

$7.5BSeries F · AnnouncedSource ↗
$3BSeries E · AnnouncedSource ↗
More than $1BSeries D · AnnouncedSource ↗

Funding history

Funding rounds, debt and other financing events.

8sourced events · record as of 2026-09-29

The May 2022 $75M ESOP share sale is secondary employee liquidity, not new company funding. The December 2021 Series F was around $375M, not an exact amount; the issuer's $740M lifetime figure is rounded and not another round. Razorpay announced its 2015 Seed and Series A together as $11.5M cumulative without disclosing each split; imported $9M and $2.6M rows sum to $11.6M and are not used as separate exact amounts. The co-founder's July 2, 2016 original announcement confirms Mastercard invested separately from Start Path activities but does not disclose investment amount, security class or primary-versus-secondary allocation. No database-only observations remain in this retained record; that is not an independently reviewed complete history or proof of current ownership. Dates are issuer announcement dates unless a source explicitly proves closing; this is not a legal share register.

May 10, 2022LATEST SOURCED
secondary

Employee ESOP secondary sale

Lightspeed Venture Partners (lead) · Moore Strategic Ventures

Issuer announced a $75M transaction through which 650 current and former employees could sell vested ESOP shares. Do not count it as primary capital raised by Razorpay or assume every eligible sale completed that day.

Amount$75M transactionValuationUndisclosed
Dec 20, 202107
primary

Series F

Lone Pine Capital (lead) · TCV (lead) · Alkeon Capital (lead) · Tiger Global · Sequoia Capital India · GIC · Y Combinator

The issuer describes the raise as around $375M and its cumulative capital as $740M; neither is an exact incremental amount for arithmetic.

AmountAround $375MValuation$7.5B
Apr 19, 202106
primary

Series E

GIC (lead) · Sequoia Capital India (lead) · Ribbit Capital · Matrix Partners

Amount$160MValuation$3B
Oct 12, 202005
primary

Series D

GIC (lead) · Sequoia Capital India (lead) · Ribbit Capital · Tiger Global Management · Y Combinator · Matrix Partners

Amount$100MValuationMore than $1B
Jun 18, 201904
primary

Series C

Investors undisclosed

The issuer's 2020 statement confirms $75M Series C in 2019; June 18 announcement day is from contemporaneous reporting. The retrospective names company investors but not this round's participants or leads, so no round-specific investor roles are asserted here.

Amount$75MValuationUndisclosed
Jul 2, 201602
other

Mastercard investment (terms undisclosed)

Mastercard

Co-founder Harshil Mathur's July 2, 2016 announcement explicitly says Mastercard also invested, in addition to Start Path activities undertaken since late 2015. Start Path participation and payment-gateway integration are not separate capital raises. July 2 is the issuer publication date, not an authenticated closing day. This replaces the imported July 2016 Corporate Round observation (July 1 month anchor; https://www.clay.com/dossier/razorpay-funding), not another financing. Investment amount, security class, valuation, primary-versus-secondary allocation and settlement remain undisclosed; no exact issuer proceeds are counted. Tiger Global, Matrix Partners, Y Combinator and 33 angels appear as prior company backers, not named subscribers to this investment. Mastercard is the disclosed institutional brand, not an authenticated legal subscribing vehicle or proof of current ownership; no lead or sole-investor role is inferred.

AmountNot publicly disclosedValuationUndisclosed
Oct 27, 201501
primary

Seed and Series A (combined disclosure)

Tiger Global (Series A) (lead) · Matrix Partners and Y Combinator (Seed) (lead) · Matrix Partners (Series A) · 33 seed angel investors

The October 27 issuer announcement says Seed and Series A closed with $11.5M cumulative capital, without revealing each round's size or the seed close date. This is one combined historical observation, not one new $11.5M October round.

Amount$11.5M combinedValuationUndisclosed

Financing participants

Investors, lenders and other parties named in funding announcements.

Lightspeed Venture Partners

Employee ESOP secondary sale · May 10, 2022 · Lead participant · secondary · Announced · Announced source ↗

Moore Strategic Ventures

Employee ESOP secondary sale · May 10, 2022 · Participant · secondary · Announced · Announced source ↗

Lone Pine Capital

Series F · Dec 20, 2021 · Lead participant · primary · Announced · Announced source ↗

Alkeon Capital

Series F · Dec 20, 2021 · Lead participant · primary · Announced · Announced source ↗

Tiger Global Management

Series D · Oct 12, 2020 · Participant · primary · Announced · Announced source ↗

Series B · Jan 15, 2018 · Lead participant · primary · Confirmed · Confirmed source ↗

Mastercard

Mastercard investment (terms undisclosed) · Jul 2, 2016 · Participant · other · Confirmed · Confirmed source ↗

Tiger Global (Series A)

Seed and Series A (combined disclosure) · Oct 27, 2015 · Lead participant · primary · Confirmed · Confirmed source ↗

Matrix Partners and Y Combinator (Seed)

Seed and Series A (combined disclosure) · Oct 27, 2015 · Lead participant · primary · Confirmed · Confirmed source ↗

Matrix Partners (Series A)

Seed and Series A (combined disclosure) · Oct 27, 2015 · Participant · primary · Confirmed · Confirmed source ↗

33 seed angel investors

Seed and Series A (combined disclosure) · Oct 27, 2015 · Participant · primary · Confirmed · Confirmed source ↗

Ownership evidence

Opening ownership research…

Captables coverage

Deals / Captables

Razorpay's latest round: $375M Series F

Razorpay's latest public financing record lists USD 375,000,000 in its Series F dated December 19, 2021 at a reported valuation of USD 7.5 billion. Captables places the event in the company's disclosed funding history.

Captables Newsroom · 58d ago
Submit evidence or a correction →