Juspay raises $50M, turns unicorn with $1.2B valuation
What's the story
Juspay, a leading payments infrastructure company, has raised $50 million in a Series D follow-on round led by WestBridge Capital. The investment values the Bengaluru-based start-up at $1.2 billion and will be used to accelerate its global expansion and strengthen its position as a core payments infrastructure provider for enterprises and banks. The funding comes amid rising demand from large merchants and financial institutions for full-stack, scalable, and reliable payments platforms to handle increasing digital transaction volumes across markets.
Strategic use
Funding mix to support global expansion and technology investments
The latest funding round is a mix of primary and secondary transactions. The primary capital will be used for Juspay's international expansion and further investment in its technology stack. Meanwhile, the secondary component will provide liquidity to early investors and employees holding ESOPs (Employee Stock Ownership Plans). This is the second liquidity event facilitated by the company in a year.
Growth strategy
Juspay's global expansion plans and technological advancements
Juspay plans to use the funds to expand its presence in Asia-Pacific, Middle East, Latin America, Europe, UK and North America. The company also intends to invest in strengthening its payments infrastructure and enhancing its artificial intelligence capabilities for better merchant experience and internal productivity. "This round reflects our growth and provides liquidity opportunities for our early investors and team members who have been part of this journey," said Sheetal Lalwani, co-founder & COO of Juspay.
Investor insight
WestBridge Capital backs Juspay's evolution as a full-stack provider
Deepak Ramineedi, partner at WestBridge Capital, said Juspay's transformation into a full-stack payments infrastructure provider was a key reason behind their investment. "They have moved from payment orchestration to building core payments infrastructure for banks and enterprises while maintaining a sustainable growth trajectory," he added. Founded in 2012, Juspay has been providing payment infrastructure to enterprises and banks for seamless digital transactions.
Financial performance
Juspay's profitability and operational efficiency
Juspay turned profitable in FY25, posting a profit of ₹115 crore before exceptional items and tax. The company's revenue from operations increased 61% year-on-year to ₹514 crore, driven by higher digital transaction volumes and operational efficiencies. In FY25, Juspay reported a Profit Before Tax (PBT) of ₹27 crore and a Profit After Tax (PAT) of ₹62 crore. The PAT figure is higher than PBT due to deferred tax adjustments.