Juspay, a payment infrastructure company, has raised $50 million in a Series D follow-on round from WestBridge Capital, valuing the company at $1.2 billion. This funding includes both primary and secondary investments, providing liquidity for early investors and employees with ESOPs, marking the second such instance this year.
Following a year of growth, Juspay’s annualised total payment volume (TPV) exceeds $1 trillion, the company said, processing over 300 million daily transactions for major brands such as Agoda, Amazon, Flipkart, Google, and HSBC. The company is expanding its presence across multiple regions, including 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,” Sheetal Lalwani, co-founder and COO of Juspay, said in a statement.
“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,” she added.
Juspay said it is dedicated to developing an open-source, compatible, and modular payments infrastructure for global commerce.
Juspay is also enhancing its AI capabilities to deliver forward-thinking innovations that boost workforce productivity and improve the merchant experience.
Deepak Ramineedi, partner at WestBridge Capital, said, “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.”
