SoftBank-backed Juspay posts first-ever profit after 13 years
What's the story
Payments technology start-up Juspay has announced its first-ever profit for the fiscal year ending March 2025 (FY25). The company 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. In FY24, Juspay had reported an operating revenue of ₹319.32 crore and a net loss of ₹97.54 crore.
Growth trajectory
Revenue from operations jumps 61% YoY
Juspay's revenue from operations for FY25 stood at ₹514 crore, a 61% increase year-on-year. The company's daily transaction volume also saw a major jump from 175 million to over 300 million. Its annualized total payment volume (TPV) skyrocketed by 150% to $1 trillion from $400 billion. This growth was fueled by new partnerships with merchants and banks such as Agoda, Amadeus, HSBC, and Zurich Insurance.
Strategic moves
Payment technology firm's product offerings
Founded in 2012 by Vimal Kumar and Sheetal Lalwani, Juspay offers a range of products including checkout, authentication, tokenization, payouts, and unified analytics. The company has expanded its international presence with new offices across the US, Europe, APAC (Asia-Pacific), and LATAM (Latin America). It also received its Payment Aggregator (PA) license from the Reserve Bank of India (RBI) on February 6, 2024. This authorization allows Juspay to legally operate as a payment aggregator.
Expansion strategy
Juspay raised $60 million in Series D funding
For FY26, Juspay plans to stay profitable while investing in AI-led product innovation, global expansion, and next-gen payment infrastructure. In April 2025, the company raised $60 million in an ongoing Series D funding round led by private equity firm Kedaara Capital. Existing investors SoftBank and Accel also participated in the round. The fresh capital will be used to deepen investments in artificial intelligence to enhance workforce productivity and merchant experience.