Razor Pay

Sequoia Capital to lead this fresh funding round

Razorpay recently forayed into lending sector with the launch of Razorpay Capital

The Bengaluru-based company has raised a total of $31.5 Mn in funding till now

Razorpay Capital is a lending marketplace offering quick settlements and collateral-free loans

Another product lunched is RazorpayX, an AI-enabled solution for end-to-end operations

Currently catering to 170K SMEs, the company aims to increase this to 300K by 2019

Harshil Mathur, CEO of Razorpay said that the company negotiated a secondary deal with Tiger Global

The transaction was done at a 50% premium to the valuation

The ESOP encashment is the first liquidity event for the company and its 250 employees

As per the new Epharma guidelines, it will be mandatory for epharma startups to store all their data locally

Gauba Committee has recommended ‘criminal proceedings’ against social media spreading fake news

Income Tax Department has rejected all applications made by shareholders of the Singapore-registered Flipkart Ltd seeking exemption from capital gains tax

Razorpay’s financial suite helps businesses with an end-to-end financial management solution for any businesses, says founder

It has also launched a vendor payments service for clients

Razorpay plans to extend its lending platform to 1K merchants in two months

At Present, IRCTC Fulfils More Than 1.2 Mn Tickets On A Monthly Basis

13 Startup Funding Took Place In The Indian Startup Ecosystem This Week

With This Funding, The Company Aims To Increase Its Merchant Count To 200K By 2018-End

Y Combinator Partner Gustaf Alstromer Believes For Growth, Startups Need To Know Their Numbers Well

Important Indian Startup News [18 September-23 September]

VC Firm Matrix Partners Plans To Increase Investments In Delhi Based Startups With Its New Office

The Four New Products Will Equip Razorpay 2.0 To Facilitate Automated Digital Payments