Juspay raises $50 million from WestBridge at $1.2 billion valuation
23 Jan 2026, 12:18 PMThis funding round comes less than a year after it had attracted $60 million led by Kedaara Capital in April last year.
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Payments infrastructure startup Juspay said it has raised $50 million in its extended Series D funding round from WestBridge Capital.
This funding round comes less than a year after it had attracted $60 million led by Kedaara Capital in April last year with participation from existing investors Softbank and Accel.
The latest transaction is a mix of primary and secondary investments, valuing Juspay at $1.2 billion, a statement said.
As part of the secondary deal, early investors and employees holding ESOPs got an exit, it added. This marks the second liquidity event facilitated by the company in the past year.
The Bengaluru-based startup will use the fresh capital to support global expansion and product development.
The startup was founded by Vimal Kumar and Ramanathan RV in 2012. Vimal Kumar, the CEO, is an IIT Madras alumnus who previously worked at Amazon and has been building payment systems for over a decade. Co-founder Ramanathan RV brings extensive experience in engineering and product development, with a background in building scalable technology systems.
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 platform currently processes over 300 million transactions daily, with annualised total payment volume (TPV) crossing $1 trillion. The company serves enterprises and banks across sectors such as ecommerce, travel, food delivery, insurance and financial services. It 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. The company is also investing in artificial intelligence-driven tools aimed at improving merchant experience and internal operations.
“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," said Deepak Ramineedi, partner at WestBridge Capital.
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