Juspay announced it has secured a $50 million Series D follow-on investment from WestBridge Capital to support global expansion, with the deal structured as a mix of primary and secondary capital that values the company at $1.2 billion.
The Bengaluru-headquartered payments infrastructure provider said the primary proceeds will help it scale internationally, while the secondary component will provide liquidity to early investors and employees holding ESOPs. The company said it is the second time in the past year it has enabled a liquidity opportunity for shareholders.
The funding comes after what Juspay described as a year of continued growth, with annualized total payment volume now exceeding $1 trillion. Juspay said it processes more than 300 million daily transactions for enterprise and banking customers, citing brands including Agoda, Amazon, Flipkart, Google, HSBC, IndiGo, Swiggy, Zepto, Zurich Insurance, and others.
Juspay said it is expanding its footprint across Asia-Pacific, the Middle East, Latin America, Europe, the U,K and North America, positioning itself as a global payments platform for enterprises and banks. The company also highlighted its focus on building open-source, interoperable, and modular payments infrastructure, alongside investments in AI to improve workforce productivity and merchant experience.
WestBridge said its investment thesis is tied to Juspay’s evolution from payment orchestration to full-stack UPI capabilities and, more recently, to core payments infrastructure for banks, citing the company’s deep-tech focus and a sustainable, profitable growth trajectory.
Juspay was founded in 2012 and said it supports more than 500 enterprises and banks. The company said it operates with a global network of more than 1,500 payments experts across locations, including San Francisco, Dublin, São Paulo, Singapore, and Dubai.
Avendus Capital served as the exclusive financial advisor to Juspay on the transaction.
KEY QUOTES:
“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.”
Sheetal Lalwani, Co-founder and COO, Juspay
“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.”
Deepak Ramineedi, Partner, WestBridge Capital
