Razorpay will seek clearance from the National Company Law Tribunal (NCLT) in the next two months to merge its American holding company with its India unit. It would then also officially appoint an auditor for the valuation discussions.
ETtech Morning Dispatch on Feb 25, 2021: Razorpay s big billion days
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Good morning,
The pandemic-induced lockdown has been a blessing in disguise for many sectors, but none has benefited quite as much as fintech. A case in point is digital payments startup
Razorpay, which became a unicorn less than five months ago, when it raised $100 million from a clutch of investors. Now, the company is in talks to raise another $150-200 million at double the valuation.
Elsewhere in today’s letter:
MphasisHere a billion, there a billion