$7.5 Billion Unicorn Razorpay’s Acquisition Spree, SEA Expansion, and Road to IPO

Yesterday, India-based fintech unicorn Razorpay deepened its presence in the Malaysian market by becoming the first new member of PayNet since 2019, through its Malaysian-based unit Curlec by Razorpay, which it acquired back in early 2022.

This Paynet membership now allows Curlec to adopt the DuitNow product suite, allowing their customers to make and receive real-time payments from bank accounts and e-wallets. This marks Curlec's continued evolution from recurring payments provider to full stack payment gateway.

Backed by Tiger Global, Sequoia Capital India, Singapore’s GIC, Y Combinator, and other notable investors, Razorpay was valued at around $7.5 billion in its last funding round in December 2021 where it raised $375 Million in their Series-F round. To date, the company has raised a total of $741.5 million and has acquired 8 companies as part of its growth strategy.

To explore Razorpay’s origins, plans ahead, plans for Southeast Asia, and IPO timeline, we speak with Rahul Kothari, Chief Business Officer of Razorpay