Razorpay Leads Startup Show As Deal-Making Gathers Steam

Deal-making is on in full swing in the VC and startup ecosystem after the lull that followed the coronavirus outbreak. From early-stage rounds to growth-stage funding, multiple deals are getting signed across the spectrum. Last week, Razorpay broke into the billion-dollar valuation club with a $100 million round led by GIC and its existing investors. Razorpay co-founder Harshil Mathur told Moneyconrol that the business jumped 300 percent in the last few months, buoyed by many offline businesses choosing to work with the company to sell online. Paolo Alto-based Acceldata raised $8.5 million in its Series A round. Along with these, augmented reality startup Avataar. Me, robotics firm Miko and Mumbai-based content platform Pepper all raised series A rounds from large VCs like Chiratae Ventures, Lightspeed Venture Partners, Sequoia and others.