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This funding round comes less than a year after it had attracted $60 million led by Kedaara Capital in April last year.
Juspay will also deploy its tokenization technology within Sabre Direct Pay's platform as part of this deal.
With the industry shifting from payment aggregators halting third-party routing to the online gaming ban, it will be worth watching how Juspay’s FY26 numbers evolve.
Existing investors Softbank and Accel Partners also participated in this round.
Razorpay, Cashfree, Paytm, and PhonePe are taking control back, ditching third-party routers. But what about merchants—are they embracing the change or caught in the chaos?
Back in January, Juspay founder Vimal Kumar and co-founder Sheetal Lalwani spoke exclusively with us in an hour-long chat around the shifting dynamics of India's payments ecosystem.
Razorpay, Cashfree and PhonePe have already announced their decisions to move away from third-party routers.
"We have decided to discontinue our PA/PG support with third-party routing platforms, effective 30th April 2025," Razorpay said.
Around 15% of PhonePe’s payment gateway volume is currently being processed through Juspay.
Juspay earned Rs 287 crore in revenues from payment platform integration fees as compared to Rs 196 crore in FY23.
