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Post PayU-BillDesk Deal, Razorpay in talks to raise $250 Mn at $4bn valuation

Fintech unicorn Razorpay is in talks to raise fresh funds in the tune of $200-250 Mn from high profile investors, according to a report published in Livemint. The Bengaluru based startup is seeking a valuation of nearly $4Bn in the latest round. The company is currently engaged in talks with global investors like Tiger Global Management, Coatue Management, DST Global and Flacon Edge Capital to raise funds, the livemint report claimed.   

While Razorpay has been engaged in fund raising talks over the last few weeks, it has expedited the process after PayU acquired BillDesk in a blockbuster deal for nearly worth $4.7 Bn. The blockbuster deal, which is the most expensive acquisition deal ever in Indian startup industry, has really shaken up the Indian fintech industry. The deal was announced barely 48 hours back.

The deal potentially places PayU in a dominant position in the retail payment industry. Post this acquisition, the Prosus backed company is expected to handle total payment volume (TPV) of US$147 bill. Therefore, It is very obvious that PayU’s immediate competitors will now feel the pressure to consolidate their war chest and achieve the level playing field.        

Razorpay’s previous funding round materialized barely few months back, raising $160 Mn at a $3 Bn valuation. The company, which was once part of the Y Combinator’s summer batch, has equally pursuing the acquisition strategy to augment its growth. It had acquired TERA Finlabs barely a month back. This was company’s third buy out since its inception.

Razorpay counts Sequoia Capital, GIC, Matrix Partner, Ribbit Capital among its many marquee investors.

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