Diligence memo · auto-generated · as of July 2, 2026
Razorpay, Inc.
Razorpay, Inc. has raised $32M over 2 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Razorpay, Inc. operates in Fintech, based in PALO ALTO, KA, India. India's only full-stack financial solutions company for businesses.
Sub-sector tags: Banking as a Service, Fintech, India, Payments, ai/ml, fintech, hardware/semi, hr/worktech.
Capital & rounds (filed)filed
Razorpay, Inc. has raised $32M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $20M on 2017-12-14.
Most recent recorded round closed around 2017-12-14.
Valuation (modeled)modeled
Provath models Razorpay, Inc. at approximately $630M (range $48M–$2.4B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 31 months.
Last raise 8.5 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.7× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 95% of Fintech peers (1063 compared).
Modeled value ranks above 97% of those peers.
Closest niche peers: Cheddar Inc., Yoco, CORD:USE Cord Blood Bank Inc.
Peoplefiled
3 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.