Liquidity Events
B2B digital payments platform Razorpay acquires PoS player Ezetap
Bangalore-based fintech unicorn Razorpay has acquired an 80% stake in Ezetap Solutions Pte Ltd, the Singapore-based parent entity of Bangalore-based point-of-sale (POS) machines provider Ezetap Solutions Pvt Ltd, in a deal valued at over $100 million. Ezetap caters to several enterprises in India including BigBasket, Reliance, Indian Oil Corporation and Bharti Airtel. The company, which has raised about USD 60 million to date, counts Helion Venture Partners, Social Capital and JS Capital as its backers. Razorpay's acquisition of Ezetap is the company's fifth in less than four years.
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