Juspay has raised $50 million from WestBridge Capital in a Series D follow-on funding round, valuing the company at $1.2 billion. The latest round comprises a mix of primary and secondary investments.
The company had raised $60 million last year as part of its Series D round through a similar investment structure. That round was led by Kedaara Capital, with participation from existing investors including SoftBank and Accel. Juspay stated that the secondary component of the new round will provide liquidity to early investors and employees holding stock ownership options.
Commenting on the development, Sheetal Lalwani, Co-Founder and Chief Operating Officer, Juspay, said the funding reflects the company’s growth trajectory and the continued trust of its partners as it scales globally. He added that the round also enables liquidity opportunities for early investors and team members who have contributed to the company’s journey.
Juspay processes over 300 million transactions daily for multiple brands, including Google, Amazon, Flipkart, HSBC, IndiGo, Swiggy and Zurich Insurance. The company is expanding its presence across India and Asia-Pacific, the Middle East, Latin America, Europe and North America.
Deepak Ramineedi, Partner, WestBridge Capital, said their conviction in Juspay stems from its consistent innovation, noting its evolution from a payment orchestration platform to a full-stack UPI platform and, more recently, a core payments infrastructure provider for banks. He highlighted the company’s focus on solving deep-technology challenges in payments while maintaining a sustainable and profitable growth trajectory.
Lalwani said in November that Juspay is targeting $1 billion in revenue by expanding its operations in India and overseas before considering a public listing. The company reported its highest-ever revenue of Rs 514 crore in FY25, a growth of 61 per cent year on year, and posted a profit after tax of Rs 62 crore, marking its first profitable year. Juspay was founded in 2012, and Avendus Capital acted as the exclusive financial advisor for the transaction.
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