Is Razorpay the next Fintech Decacorn from India? #InsightBlog9

Last day, Razorpay raised $375M in its series F round, making it one of the largest funding rounds in the Indian fintech industry, valuing it at $7.5 billion, 2x valuation from its last round.

Razorpay started as an easy to use payment gateway for the Indian market, founded by two Indian Institute of Technology, Roorkee alumni, who eventually became part of YCombinator's 2015 winter batch. 

Razorpay generates revenue by collecting 0.25 - 0.5 % fees for each subscription transaction via its platform, along with its new offerings, which provide working capital leverage to these businesses. 

Currently, their platform powers more than 170,000 SMB while maintaining an impressive 40-45% month-on-monthly growth rate.

Being hyper-focused on technology and product, Razorpay was able to Scale its operation to $60 billion in transactions annually.

Razorpay has the Desi Stripe soul at heart which is quickly optimizing all its offerings and vertical to groom itself for a future IPO ( 2-2.5 year timeline) 

This round was co-lead by Lone Pine Capital LLC, Alkeon Capital Management and TCV , while seeing participation from existing investors, including Tiger Global Business Ventures, Sequoia India, GIC, and Y Combinator.

Kudos for achieving this tremendous growth. Best wishes and lead the way Shashank Kumar and Harshil Mathur.