Juspay, a payments infrastructure company based in Bengaluru, has raised $50 million from WestBridge Capital in a Series D follow-on investment.
Juspay Series D Follow-On Funding
Juspay stated in a statement on Friday that the most recent round valued the company at $1.2 billion. The fundraising is a continuation of its April 2025 $18 million Series D round.
A combination of primary and secondary investments are involved in the deal. According to Juspay, the secondary component will offer liquidity to early investors and staff members who have employee stock ownership plans. This will be the company’s second such liquidity event in less than a year.
Primary and Secondary Investment Structure
💳 Juspay Funding Snapshot
- Investor: WestBridge Capital
- Funding Amount: $50 million
- Valuation: $1.2 billion
- Round: Series D follow-on
- Deal Type: Primary and Secondary
- Liquidity: ESOP holders and early investors
Following the departure of several previous clients, including PhonePe, Razorpay, and Cashfree, the funding comes after a period of uncertainty for the business. These businesses had previously utilized Juspay’s payment orchestration services, but they severed their connections after the company obtained a license to operate as a payment aggregator, putting it in direct competition with them.
Client Exits and Competitive Impact
In FY25, Juspay reported ₹540 crore in revenue, a 55% increase over the previous year. After reporting losses in the preceding four fiscal years, it reported a net profit of ₹62.3 crore for the year.
Financial Turnaround in FY25
🌍 Juspay Global Scale
- Daily Transactions: 300 million+
- Annualized TPV: Over $1 trillion
- Major Clients: Amazon, Google, Flipkart, Swiggy, HSBC
- Presence: Asia-Pacific, Europe, Americas, Middle East
- Core Focus: Payments infrastructure and banks
According to funding tracker statistics, since its founding in 2012, the firm has raised over $106 million in equity capital from investors such as SoftBank Vision Fund, Accel, VEF, Kedaara Capital, and Wellington.
Investor Backing Since 2012
According to the announcement, Juspay processes more than 300 million transactions every day, and its annualized total payment volume now surpasses $1 trillion. Agoda, Amazon, Flipkart, Google, HSBC, IndiGo, Swiggy, Zepto, and Zurich Insurance are among its clients.
Transaction Volume and Client Base
In order to establish itself as a worldwide payments platform for businesses and banks, the company further stated that it has been growing its footprint throughout Asia-Pacific, the Middle East, Latin America, Europe, the UK, and North America.
Global Expansion Strategy
Sheetal Lalwani, co-founder and chief operating officer of Juspay, stated, “Over the past ten years, our focus has been on solving the core challenges of global payments through first-principles engineering and design.”
Leadership Perspective
The business stated that it is still committed to developing an open-source, interoperable, and modular payments infrastructure for international trade and is expanding its artificial intelligence capabilities to enhance worker productivity and merchant satisfaction.
Technology and AI Focus
According to Deepak Ramineedi, partner at WestBridge Capital, “Juspay has continuously shown an ability to remain ahead of the curve by delivering powerful, future-ready technology that powers the world’s most demanding payment ecosystems.” “They have evolved from a payment orchestration platform to a full-stack UPI platform, and now they are a core payments infrastructure supplier for banks, which is why we have faith in them.”
Investor Confidence
Frequently asked questions
1. How much money and at what price did Juspay raise?
WestBridge Capital sponsored a $50 million Series D follow-on investment for Juspay, valuing the business at $1.2 billion.
2. What makes this funding round special?
There are primary and secondary investments in this round. Early investors and employees (ESOP holders) receive liquidity from the secondary component, which is the second liquidity event in a single year.
3. Why did a few significant clients leave Juspay sooner?
Following Juspay’s acquisition of its payment aggregator license, businesses such as PhonePe, Razorpay, and Cashfree left, placing it in direct rivalry with them.
4. What was Juspay’s financial performance in FY25?
Juspay ended four years of losses with a net profit of ₹62.3 crore and revenue of ₹540 crore, a 55% year-over-year increase.
5. On what scale does Juspay currently operate?
Serving international clients including Amazon, Google, Flipkart, Swiggy, and HSBC, Juspay processes more than 300 million transactions per day with an annualized payment volume over $1 trillion.
Conclusion
Despite competing constraints in India’s payments industry, Juspay’s recent $50 million fundraising at a $1.2 billion valuation demonstrates its robust recovery, profitability, and global reach.
Juspay is establishing itself as a long-term global payments backbone for businesses and institutions with growing revenues, an international footprint, and a strong focus on core payments infrastructure and AI-led innovation.
Disclaimer:
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Readers should conduct their own research or consult a qualified professional before making any decisions.
