Razorpay's valuation triples to $3 bn in 6 months, raises $160 million

Razorpay becomes one of the most valuable B2B fintech start-ups

After becoming a unicorn last October, fintech company Razorpay has raised $160 million in a Series-E funding round. The financing round has helped the company’s valuation triple to $3 billion in less than six months.
 
This signals one of the fastest increases in valuation for an Indian unicorn (a start-up valued at more than $1 billion).
 
This round was co-led by existing investors GIC, Singapore’s sovereign wealth fund, and Sequoia India, along with participation from Ribbit Capital and Matrix Partners.
 
The Bengaluru-based company, which focuses on business-to-business (B2B) customers, competes with players such as BillDesk, PayU and