Razorpay gets a fresh capital infusion of Rs.130.15 Crore from its US-based parent

06:30:00 PM, Saturday 5th of October 2019 | in business

Bengaluru based payment company Razorpay is looking to invest heavily in the digital payments industry of India and to support the company's ambitions its US-based parent Razorpay Inc has decided to invest around Rs.130.15 crore in Razorpay software. Razorpay Inc has picked up 21,94,055 equity shares at a price of INR 593.22 per share, as a part of the investment. Razorpay powers digital payments for more than 200K businesses.