Razorpay smbs 160m series gic capital, an Indian fintech company, has raised $160 million in its latest funding round, Series E. The funding was led by Singapore’s sovereign wealth fund, GIC, and Sequoia India. Existing investors such as Ribbit Capital, Matrix Partners, and Tiger Global also participated in the round. This brings Razorpay’s total funding to date to $366.5 million.

Expanding services for SMBs

Razorpay plans to use the funds to expand its services for small and medium-sized businesses (SMBs) in India. The company provides a range of payment solutions, including online payments, recurring payments, and invoicing. It also offers a platform for businesses to manage their finances, including bank transfers and accounting. With the pandemic accelerating the shift towards digital payments, Razorpay has seen a surge in demand for its services. The company claims to have processed over $40 billion in payment volume annually and has over 5 million businesses on its platform.

Challenges ahead

Despite its success, Razorpay faces challenges in a highly competitive market. It competes with established players such as Paytm and PhonePe, as well as newer entrants like Google Pay and WhatsApp Pay. These companies are also targeting SMBs, which make up a significant portion of India’s economy. To stay ahead of the competition, Razorpay will need to continue innovating and expanding its services. The company has already launched new products such as instant refunds and digital gold purchases. It has also expanded into new verticals such as healthcare and education.


Razorpay’s latest funding round is a testament to the growing demand for digital payment solutions in India. With the pandemic accelerating the shift towards digital payments, the company is well-positioned to capitalize on this trend. However, it will need to continue innovating and expanding its services to stay ahead of the competition. With the support of its investors, Razorpay is poised for continued growth in the coming years.