Krafton leads Cashfree’s $53M funding at $700M valuation

Cashfree, an Indian payments startup that facilitates and processes more than $80 billion for its customers each year, has raised $53 million in a new round of funding as it gears up to deepen its presence in some international markets.

Krafton, maker of sleeper hit titles such as PUBG and BGMI, led Cashfree’s Series C financing round alongside existing investor Apis Growth Fund, the two said Wednesday. The funding values the nine-year-old startup, which has raised nearly $100 million to date, at $700 million, according to a source familiar with…