Bengaluru-based payments infrastructure firm Juspay has successfully raised an additional $50 million in a Series D follow-on round from WestBridge Capital. This latest funding round officially values Juspay at $1.2 billion, propelling the company into the coveted unicorn club, a status reserved for startups valued over $1 billion. This investment serves as an extension of its previous $60 million Series D round, which was launched in April 2025.

The transaction structured by Avendus Capital, who acted as the financial adviser, comprises a mix of primary and secondary investments. The secondary component is designed to provide crucial liquidity to Juspay’s early investors and employees holding employee stock ownership plans (ESOPs), marking the second such liquidity event facilitated by the company within a year. Cumulatively, Juspay has now secured approximately $106 million in equity funding from a diverse group of investors, including prominent names such as SoftBank Vision Fund, Accel, VEF, Kedaara Capital, and Wellington.

This significant funding arrives after a period of considerable uncertainty for Juspay. The company had previously faced the exit of several key clients, including PhonePe, Razorpay, and Cashfree. These firms, which had utilized Juspay’s payment orchestration services, severed ties after Juspay secured its own payment aggregator license, leading to direct competition. Despite these challenges, Juspay has demonstrated remarkable resilience and strategic adaptation.

Financially, Juspay reported robust performance, achieving revenue of ₹540 crore in FY25, representing a strong 55% year-on-year growth. More notably, the company posted a net profit of ₹62.3 crore during the same fiscal year, marking a significant turnaround after reporting losses in the preceding four financial years. This return to profitability underscores the company's effective business model and operational efficiency.

Operationally, Juspay commands an impressive scale, with its annualized total payment volume (TPV) now exceeding $1 trillion. The platform processes an astounding more than 300 million transactions daily, catering to a prestigious list of customers that includes global giants like Agoda, Amazon, Flipkart, Google, HSBC, IndiGo, Swiggy, Zepto, and Zurich Insurance. This extensive client base highlights its critical role in the global payments ecosystem.

Juspay is also vigorously expanding its international footprint, establishing a growing presence across key regions such as Asia-Pacific, the Middle East, Latin America, Europe, the UK, and North America. This strategic global expansion positions the company as a leading payments platform for enterprises and banks worldwide, emphasizing its ambition to become a foundational pillar for global commerce.

Commenting on their vision, Sheetal Lalwani, co-founder and chief operating officer of Juspay, stated, “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, alongside advancing its artificial intelligence capabilities to enhance workforce productivity and improve merchant experience. Deepak Ramineedi, a partner at WestBridge Capital, expressed strong conviction in Juspay, noting their evolution “from a payment orchestration platform to a full-stack UPI platform, and now to a core payments infrastructure provider for banks,” underscoring the company’s ability to build robust, future-ready technology.