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Razorpay raises US$100 million funding from existing investors, GIC

Razorpay has raised US$100 million in Series D funding from existing investors and Singaporean sovereign fund GIC. The company announced the investment in a blog post on Monday. Razorpay is a payment gateway company that also operates RazorpayX, a banking product suite for automating finance-related aspects of businesses. Entrackr had reported in September that the company was in talks for getting up to US$150 million in funding. "The funding also comes with a major milestone of Razorpay becoming the newest unicorn in India," Razorpay said in its blog post. Jio, Hotstar, Wikipedia, Facebook and Google have been Razorpay clients according to the company. "Along with GIC, the round has been co-led by Sequoia with participation from our existing investors Ribbit Capital, Tiger Global, Y-Combinator and Matrix Partners," the company said. Razorpay said that GIC has investments in Bajaj Finance and…

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