now razorpay is the most valued fintech startup in the india

 Razorpay raised more then 375 million in the fresh funding round with lone pine capital and other investores  at valution of the 7.5 biilion which is the valuable fintech startup in the india. which have now more then double since first funding of the startup , Razorpay was 1 billion valution at october last year now it is a big jump with 7.5 billion valution of the Razorpay .Razorpay founder and ceo Harshil mathur said speaking with a2z startup story series f co -led by the lone pine capital , alkeon capital and tcv ,and also particiopation of the existing investors like tiger global , sequoia capital ,GIC As well as y combinators .

with the funding round our valution has increased to 7.5 billion this is the fastest increase in valution of an indian unicorn in a year 

"While these freshly infused funds will be used in multiple areas, the most important one will be towards investing in building intelligent technologies that will make the lives of small businesses easier by providing them a fundamentally different experience and reducing complexity. We want them to spend less time managing compliance and operations and invest more time in creating new products, building on new ideas and thinking scale," Mathur said.

He added that the funds will help the company take financial services up a notch and serve the underserved businesses and continue to build the central nervous system of Digital India.

Talking about the international expansion, Mathur said geographies like Southeast Asian (SEA) countries face similar payment problems like India, and Razorpay will look to leverage its leadership in building intelligent payment products and learnings to ripe markets like SEA countries.

Besides, Razorpay also plans to use the fundraise to double down investment in acquiring B2B SaaS companies that can help scale up operations while providing the highest standards of customer experience in the country.

"Razorpay is set to create a larger dent in the fintech universe and with the help of new acquisitions and partnerships, we will be able to build an A-class financial service infrastructure for India's businesses,” Mathur stated.

Mathur highlighted that of the 42 companies that were crowned as unicorns in 2021 alone, Razorpay powers payments for 34 of them.

Razorpay has achieved $60 billion in TPV (Total Payment Volume) as of early December 2021, and has set a target of $90 billion TPV by the end of 2022.

"We clocked over 300 per cent y-o-y growth, second year in a row. We are looking at achieving break-even on an overall level in 2-2.5 years and will look at the IPO route in 2.5-3 years," he added.