GIC leads RazorPay's Series D funding, raises US$100 mil

Razorpay raised US$100 million ($135.2 million) in Series D financing co-led by Singapore sovereign wealth fund GIC Pte and Sequoia India, TechCrunch reported, citing the fintech start-up’s co-founder and Chief Executive Officer Harshil Mathur.

The funding round values the Bangalore, India-based payment processing company at “a little more than US$1 billion,” he said.