Juspay Secures $50 Million in Series D Follow-On Funding at $1.2 Billion Valuation
Bengaluru-based payments infrastructure firm Juspay has successfully raised $50 million in a Series D follow-on investment round led by WestBridge Capital. This significant funding round values the company at an impressive $1.2 billion, as confirmed in an official statement released on Friday.
Funding Structure and Liquidity Event
The latest investment represents an extension of the company's initial $18 million Series D round that was launched in April 2025. The transaction comprises a strategic mix of primary and secondary investments, with the secondary component specifically designed to provide liquidity to early investors and employees holding employee stock ownership plans.
This marks the second such liquidity event facilitated by Juspay within a single year, demonstrating the company's commitment to rewarding its stakeholders while continuing its growth trajectory.
Navigating Competitive Challenges
The funding announcement comes after a period of significant transition for Juspay, following the departure of several former clients including prominent payment platforms PhonePe, Razorpay, and Cashfree. These companies had previously utilized Juspay's payment orchestration services but severed ties after Juspay secured its own payment aggregator license, positioning itself as a direct competitor in the payments ecosystem.
Financial Performance and Growth Metrics
Juspay reported remarkable financial results for FY25, achieving revenue of ₹540 crore – representing a substantial 55% year-on-year growth. The company posted a net profit of ₹62.3 crore during the fiscal year, marking a significant turnaround after reporting losses in the previous four financial years.
The company's operational metrics are equally impressive:
- Annualized total payment volume now exceeds $1 trillion
- Platform processes more than 300 million transactions daily
- Customer portfolio includes global giants such as Agoda, Amazon, Flipkart, Google, HSBC, IndiGo, Swiggy, Zepto, and Zurich Insurance
Global Expansion and Strategic Vision
Founded in 2012, Juspay has raised approximately $106 million in equity funding from prominent investors including SoftBank Vision Fund, Accel, VEF, Kedaara Capital, and Wellington. The company has been actively expanding its presence across multiple international markets, including:
- Asia-Pacific region
- Middle East
- Latin America
- Europe and the United Kingdom
- North America
This global expansion positions Juspay as a comprehensive payments platform serving enterprises and banks worldwide.
Leadership Perspective and Future Direction
Sheetal Lalwani, co-founder and chief operating officer of Juspay, emphasized the company's long-term vision: "Our focus over the last decade has been on solving the core complexities of global payments through first-principles engineering and design."
The company remains dedicated to building open-source, interoperable, and modular payments infrastructure for global commerce. Juspay is also advancing its artificial intelligence capabilities to enhance workforce productivity and improve merchant experience across its platform.
Deepak Ramineedi, partner at WestBridge Capital, expressed strong confidence in Juspay's strategic direction: "Juspay has consistently demonstrated an ability to stay ahead of the curve by building robust, future-ready technology that powers the world's most demanding payment ecosystems. Our conviction in them stems from their evolution from a payment orchestration platform to a full-stack UPI platform, and now to a core payments infrastructure provider for banks."
