India’s Razorpay becomes unicorn after new $100 million funding round

Bangalore-headquartered Razorpay, one of the handful of Indian fintech startups that has demonstrated accelerated growth in recent years, has joined the coveted unicorn club after raising $100 million in a new financing round, the payments processing startup said on Monday.

The new financing round, a Series D, was co-led by Singapore’s sovereign wealth fund GIC and Sequoia India, the six-year-old Indian startup said. The new round valued the startup at “a little more than $1 billion,” co-founder and chief executive Harshil Mathur told TechCrunch in an interview.

Existing investors Ribbit Capital, Tiger Global, Y Combinator, and Matrix Partners also participated in the round, which brings Razorpay’s total to-date raise to $206.5 million.

Razorpay accepts, processes, and disburses money online for small businesses and enterprises. In recent years, the startup has expanded its offerings to provide loans to businesses and also launched a neo-banking platform to issue corporate credit cards, among

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‘Tech unicorn’ Octopus Energy to create 1,000 new UK jobs

Video: “Shell to slash up to 9,000 jobs worldwide” (Evening Standard)

“Shell to slash up to 9,000 jobs worldwide”

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Octopus Energy plans to create 1,000 new technology jobs across sites in London, Brighton, Warwick and Leicester, and a new tech hub in Manchester, as part of its vision to make the UK the “Silicon Valley of energy”.

The supplier will employ graduates at the new sites to help develop the proprietary green energy technology platform which has helped to make Octopus one of the fastest-growing companies in the UK.

The prime minister, Boris Johnson, said the new jobs will “provide exciting opportunities across the country for those who want to be at the cutting edge of the global green revolution”.

“It’s UK tech companies like Octopus who will ensure we continue to build back greener and remain a world leader in pioneering renewable energy, leading

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Blank-check firm ION begins search for Israeli tech unicorn

Video: Direct Listings Don’t Do Well, Says Renaissance Capital’s Smith (Bloomberg)

Direct Listings Don’t Do Well, Says Renaissance Capital’s Smith

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By Krystal Hu

(Reuters) – ION Acquisition Corp 1 made its debut on the New York Stock Exchange on Friday after raising $225 million in an initial public offering (IPO), the only current blank-check acquisition company focusing on the Middle East region.

The IPO, which was larger than ION had originally planned, is the latest in a string of listings by special purpose acquisition companies (SPACs), with almost $50 billion raised so far in the United States.

ION shares closed up 4.7% at $10.47.

A SPAC uses capital raised through an initial public offering to buy a private company, usually within two years.

With a specific geography and industry focus, ION Chief Executive Gilad Shany said he wants to target Israeli tech companies at over

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