Juspay valued at $1.2B after securing $50M from WestBridge
The Series D follow-on investment from WestBridge Capital comprises both primary and secondary components, providing liquidity to early investors and employees holding stock options.
Payments infrastructure provider Juspay has secured $50 million in a Series D follow-on investment from WestBridge Capital, valuing the company at $1.2 billion, as it looks to expand its global footprint.
The transaction comprises both primary and secondary investments, providing liquidity to early investors and employees holding stock options, the Bengaluru-based company said in a statement. This marks the second such liquidity event Juspay has enabled in the past year.
The funding comes after a year of growth in transaction volumes. Juspay said its annualised total payment volume has crossed $1 trillion, with the platform processing more than 300 million transactions every day for clients including Amazon, Flipkart, Google, HSBC, IndiGo, Swiggy, and Zurich Insurance.
Founded in 2012, Juspay provides payment infrastructure to enterprises and banks, positioning itself as a modular and interoperable platform that supports multiple payment systems. The company has expanded beyond India, and it now operates across Asia-Pacific, the Middle East, Latin America, Europe, the UK and North America.
“Our focus over the last decade has been on solving the core complexities of global payments through first-principles engineering & design,” said Sheetal Lalwani, Co-founder and Chief Operating Officer of Juspay.
“As we scale globally, we are grateful for the continued trust of our partners. This round reflects our growth and provides liquidity opportunities for our early investors and team members who have been part of this journey," said Lalwani.
Juspay said it is investing in artificial intelligence capabilities to improve internal productivity and merchant experience, as competition intensifies among global payment infrastructure providers.
“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,” said Deepak Ramineedi, Partner at WestBridge Capital.
He also said that Juspay’s focus on solving deeptech problems while maintaining profitable growth differentiates it in the fintech sector.
Headquartered in Bengaluru, Juspay employs over 1,500 people across offices in San Francisco, Dublin, São Paulo, Singapore and Dubai.
WestBridge Capital manages about $7 billion in assets. Its notable investments in India include Meesho, Rapido, Physics Wallah, Star Health and IndiGo Airlines.
Edited by Swetha Kannan