Jupiter raises $15 million from existing investors Mirae Asset, Beenext, 3one4
30 Oct 2025, 11:41 AMJitendra Gupta, founder, Jupiter Money, also invested in the round in his personal capacity.
Team Head&Tale
Share the story on
Jupiter Money has raised $15 million in fresh funding from existing investors Mirae Asset Venture Investments, Beenext, and 3one4 Capital.
Jitendra Gupta, founder, Jupiter Money, also invested in the round in his personal capacity.
The startup will use the fresh capital to boost lending operations and enhance AI-led financial tools, among others.
The current funding round is smaller in size than the last funding round of $86 million Jupiter had raised in 2021 in a Series C funding round co-led by Tiger Global and Peak XV at a valuation of $711 million.
This reflects the overall trend in India's startup ecosystem where late-stage funding has been few and far between in the past years. However, there have been exceptions with the recent funding of $120 million raised by stock broking firm Dhan at a unicorn valuation.
Jupiter was launched as a neobanking platform, whose sheen has faded as startups operating in the segment are struggling to make a mark and broadening their offerings to keep the engine running.
In July, Jupiter got regulatory approval to enter the insurance distribution space. This is part of the the startup's broader strategy of becoming a full-stack financial services platform.
Jupiter has also secured a non-banking financial company (NBFC) and pre-paid instruments (PPI) licenses from the Reserve Bank of India (RBI).
In March, the startup was reportedly seeing senior executive departures amid its ongoing cost-cutting exercise.
In FY24, the startup saw its operating revenue reach Rs 35.85 crore from Rs 7.1 crore in the previous financial year. Its net loss narrowed to Rs 275.9 crore in FY24 from Rs 327 crore in FY23.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
