Juspay raises $50 million at $1.2bn valuation to accelerate global payments expansion

Juspay received $50 million in new funding from WestBridge Capital, valuing the business at $1.2 billion and strengthening its drive to expand globally as demand for enterprise payment infrastructure grows.

The Series D follow-on round includes a combination of primary and secondary investments. The second feature provides cash to backers and employees holding ESOPs, marking the second such fundraising event the company has sponsored in the past year.

The funding comes after a year of strong growth for Juspay, with annual total payments now exceeding $1 trillion. The company processes over 300 million transactions per day with a global client list including Amazon, Google, HSBC, Agoda, Flipkart, IndiGo, Swiggy, Zepto and Zurich Insurance.

Juspay has gradually expanded beyond its domestic market and now operates across Asia-Pacific, the Middle East, Latin America, Europe, the UK and North America. The company positions itself as a provider of basic payments infrastructure, building modular, interoperable and open source systems designed to serve merchants, banks and payment networks at scale.

The latest investment will support Juspay’s continued international expansion and the continued development of its platform, including advances in artificial intelligence aimed at improving employee productivity and improving merchant experience.

Sheetal Lalwani, founder and CEO of Juspay, said the funding reflects the company’s long-term approach to solving complex problems in global payments.

“Our goal over the last ten years has been to solve the core problems of global payments by using first principles of engineering and design,” said Lalwani. “As we expand globally, this round reflects our growth and provides capital for early stage investors and team members to be part of the journey. We are pleased to welcome WestBridge Capital as a partner as we build the next generation of payments infrastructure.”

WestBridge Capital said its conviction of Juspay was based on the company’s ability to develop and payments system. Deepak Ramineedi, partner at WestBridge Capital, said Juspay has always been ahead of industry shifts.

“They have evolved from a payment processing platform to a full-stack UPI platform, and now a core payments infrastructure provider for banks,” he said. “Their focus on deep-tech innovation, combined with stable and profitable growth, sets them apart in the fintech space.”

The investment underscores the growing global demand for robust, scalable payment infrastructure as digital trade volumes grow worldwide. With total funding now approaching $300 million, Juspay is positioning itself as a key backbone for the next phase of global digital payments growth.