Juspay raises $50 Mn from WestBridge Capital at $1.2 Bn valuation
- ByStartupStory | January 23, 2026
Bengaluru-based payments infrastructure firm Juspay has raised $50 million in a Series D follow-on round from WestBridge Capital through a mix of primary and secondary transactions. Avendus Capital acted as the financial advisor to Juspay on this transaction.
Juspay said the latest funding round pegged its valuation at $1.2 billion, compared to around $900 million in the previous round. With this, the company has become the first unicorn of 2026.
The primary capital will be used to support global expansion and product development, while the secondary portion will provide partial liquidity to early investors and employees holding ESOPs. This is the second liquidity event facilitated by the company in the past year.
The fundraise follows continued operational growth. Juspay said its annualised total payment volume (TPV) has crossed $1 trillion, with the platform processing over 300 million transactions daily. The company serves enterprises and banks across sectors such as ecommerce, travel, food delivery, insurance and financial services, and has expanded its presence across Asia-Pacific, the Middle East, Latin America, Europe, the UK and North America.
Founded in 2012, Juspay builds payments infrastructure with a focus on open-source, interoperable and modular systems. Its offerings include payment orchestration, authentication, tokenisation and core payments infrastructure for banks. The company is also investing in artificial intelligence-driven tools aimed at improving merchant experience and internal operations.
The latest round adds to Juspay’s recent funding history. In April 2025, the company raised $60 million in a Series D round led by Kedaara Capital, with participation from SoftBank and Accel. That round also included a secondary component.
Earlier, in December 2021, Juspay raised $60 million in a Series C round led by SoftBank Vision Fund 2, with participation from Wellington Management and VEF, at an estimated valuation of about $460 million. Prior to that, the company raised a Series B round in 2020 led by VEF, following its early institutional backing from Accel in 2016.
Headquartered in Bengaluru, Juspay works with over 500 enterprises and banks globally and operates with a distributed workforce of more than 1,500 employees across India, the US, Europe, Latin America, Southeast Asia and the Middle East.
For the fiscal year ended March 2025, Juspay reported operating revenue of Rs 540 crore and a profit of Rs 62.28 crore.
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