Juspay raises $50m from WestBridge Capital in Series D follow-on

Juspay raises $50m from WestBridge Capital in Series D follow-on

Juspay, a global payments infrastructure provider for enterprises and banks, has secured fresh capital.

The company announced that it has raised $50m in a Series D follow-on round from WestBridge Capital. The transaction, which combines both primary and secondary investments, values Juspay at $1.2bn.

The secondary portion of the round provides liquidity to early investors and employees holding ESOPs, marking the second such liquidity event facilitated by the company within a year.

The funding comes after a year of sustained growth for Juspay. The company’s annualised total payment volume has now crossed $1tn, with its platform processing more than 300 million transactions each day.

Juspay supports a broad roster of global brands, including Agoda, Amazon, Flipkart, Google, HSBC, IndiGo, Swiggy, Zepto and Zurich Insurance.

Juspay continues to expand its footprint across multiple regions, including Asia-Pacific, the Middle East, Latin America, Europe, the UK and North America.

Juspay co-founder and COO Sheetal Lalwani said, “Our focus over the last decade has been on solving the core complexities of global payments through first-principles engineering & design.

“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. We welcome WestBridge Capital as a partner as we build the next generation of payments infrastructure.”

WestBridge Capital partner Deepak Ramineedi said, “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 relentless innovation, evolving from a payment orchestration platform to a full-stack UPI platform, and now to a core payments infrastructure provider for banks. Their focus on solving deep-tech problems in payments while maintaining a sustainable, profitable growth trajectory differentiates them in the fintech space. We are truly excited to support Vimal, Sheetal, and the entire Juspay team as they shape the future of global digital commerce.”

Avendus Capital acted as the exclusive financial advisor to Juspay on the transaction.

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