A steady rise in scale and global reach has pushed Bengaluru-based payments infrastructure firm Juspay into the unicorn club. The company has raised $50 million in a Series D follow-on round from WestBridge Capital through a mix of primary and secondary transactions. A financial advisory firm acted as the advisor to Juspay for the deal.
Following this round, Juspay’s valuation has climbed to $1.2 billion, up from around $900 million in the previous funding round. With this milestone, Juspay has become the first unicorn of 2026.
The company said the primary capital from the fundraise will be used to support global expansion and accelerate product development. The secondary portion of the round will provide partial liquidity to early investors and employees holding ESOPs. This marks the second liquidity event facilitated by Juspay in the past year.
The funding comes on the back of strong operational growth. Juspay’s annualised total payment volume has crossed $1 trillion, with the platform processing more than 300 million transactions every day. The company works with enterprises and banks across sectors such as ecommerce, travel, food delivery, insurance, and financial services. It has expanded its footprint across Asia-Pacific, the Middle East, Latin America, Europe, the UK, and North America.
Founded in 2012, Juspay focuses on building open-source, interoperable, and modular payments infrastructure. Its product suite includes payment orchestration, authentication, tokenisation, and core payments systems for banks. The company is also investing in artificial intelligence-driven tools to improve merchant experience and internal operations.
This round adds to Juspay’s recent funding momentum. In April 2025, the company raised $60 million in a Series D round led by Kedaara Capital, with participation from SoftBank and Accel. That round also included a secondary component.
Earlier, in December 2021, Juspay raised $60 million in a Series C round led by SoftBank Vision Fund 2, with participation from Wellington Management and VEF, at an estimated valuation of about $460 million. Before that, it raised a Series B round in 2020 led by VEF, following early institutional backing from Accel in 2016.
Headquartered in Bengaluru, Juspay works with more than 500 enterprises and banks worldwide. The company has a distributed workforce of over 1,500 employees across India, the US, Europe, Latin America, Southeast Asia, and the Middle East.
For the financial year ended March 2025, Juspay reported operating revenue of Rs 540 crore and a profit of Rs 62.28 crore.
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