Payments infrastructure company Juspay announced on January 23 that it has raised $50 million in a Series D follow-on round from WestBridge Capital, valuing the startup at $1.2 billion. The funding aims to accelerate Juspay’s international expansion and strengthen its position as a core payments infrastructure provider for enterprises and banks.
Use of Funds
The funding round included both primary and secondary transactions. Primary capital will support Juspay’s expansion into international markets and deepen investments in its technology stack, while the secondary component provides liquidity for early investors and employees holding ESOPs. This marks the company’s second liquidity event within a year. Juspay plans to expand its footprint across Asia-Pacific, the Middle East, Latin America, Europe, the UK, and North America. The company will also invest in enhancing its payments infrastructure and advancing artificial intelligence capabilities to improve merchant experience and internal productivity.
Company Vision and Growth
“Our focus over the last decade has been on solving the core complexities of global payments through first-principles engineering and design,” said Sheetal Lalwani, co-founder and chief operating officer of Juspay. “This round reflects our growth and provides liquidity opportunities for our early investors and team members who have been part of this journey.”
Investor Perspective
WestBridge Capital cited Juspay’s evolution into a full-stack payments infrastructure provider as a key reason for the investment. “They have moved from payment orchestration to building core payments infrastructure for banks and enterprises, while maintaining a sustainable growth trajectory,” said Deepak Ramineedi, partner at WestBridge Capital.
About Juspay
Founded in 2012, Juspay provides payment infrastructure for enterprises and banks, enabling reliable large-scale digital transactions. In April 2025, the company raised $60 million in a Series D ongoing round led by Kedaara Capital, with participation from SoftBank and Accel. Juspay processes over 300 million transactions daily and has surpassed an annualized total payment volume of $1 trillion. Its clients include Agoda, Amazon, Flipkart, Google, HSBC, IndiGo, Swiggy, Zepto, and Zurich Insurance.
Financial Performance
Juspay turned profitable in FY25, reporting a profit of Rs 115 crore before exceptional items and tax. Revenue rose 61% year-on-year to Rs 514 crore, driven by higher digital transaction volumes and operational efficiencies. The company recorded a Profit Before Tax of Rs 27 crore and a Profit After Tax of Rs 62 crore, with the higher PAT due to deferred tax adjustments. Juspay continues to focus on building open, interoperable, and modular payments infrastructure capable of supporting global commerce at scale while leveraging AI to enhance efficiency across operations and merchant-facing platforms.
