The third purchase of the year for Indian fintech upstart Razorpay is the controlling interest it has bought in the digital payments company Ezetap, according to Entrackr.
According to Ezetap’s regulatory filings, the purchase was completed across many transactions, and Razorpay will now own more than 80% of the company.
The early investor Helion Ventures now holds the remaining interest, but sources told Entrackr that Razorpay soon plans to buy the VC firm’s shares. The purchase price, which might reach US $120 million, will be covered by a combination of cash and shares.
In February, Razorpay purchased the Malaysian payments company Curlec. In March, it purchased the Indian fintech startup IZealiant Technologies.
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