Payment gateway Razorpay raises $20 million in Series B
Bengaluru-headquartered online payment gateway startup Razorpay has raised $20 million in Series B funding round led by Tiger Global and Y Combinator. Existing investor Matrix Partners also participated in the round, the startup said. Founded in 2014, Razorpay allows businesses to accept, process and disburse payments, and also gives access to payment modes including credit and debit cards.