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- Jupiter
Jupiter Revenue, Valuation, Funding & Investors
Jupiter is valued at $600M as of October 2025, a 37.5x multiple on its last reported $16M revenue.
Last Jupiter valuation
$600M
Undisclosed stage · Oct 2025
Last Jupiter funding round
$15M
Undisclosed stage · Oct 2025
Jupiter revenue
$16M
Undisclosed stage · Oct 2025
Key investors in Jupiter
Peak XV Partners
Global Founders Capital
BEENEXT
Mirae Asset Venture Investment
Z47
3one4 Capital
About Jupiter
Jupiter is a Bangalore-headquartered digital banking platform in India. The app offers zero-balance savings accounts, UPI payments, credit cards, loans, and investment products like mutual funds and fixed deposits. Regulated by the RBI, it partners with Federal Bank for banking services and has grown to millions of users since its 2021 launch by fintech veterans from PhonePe. Features include real-time spending insights and cashback rewards.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Revenue
$16M (Oct 2025)
Valuation
$600M (Oct 2025)
Sectors
Jupiter Valuation
Jupiter is currently valued at $600M, based on its undisclosed-stage round in October 2025.
The $15M round included BEENEXT, Jitendra Gupta, Mirae Asset Venture Investment and 3one4 Capital.
Jupiter's valuation has grown 2.0x from $300M at its Series B in August 2021 to $600M in October 2025, across 3 priced rounds.
Jupiter valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2025 | Undisclosed stage | $600M | 37.5x |
| Dec 2021 | Series C | $711M | - |
| Aug 2021 | Series B | $300M | - |
Jupiter Revenue
Jupiter's latest recorded revenue is $16M, as of its undisclosed-stage round in October 2025. At a $600M valuation, that implies a 37.5x revenue multiple.
Jupiter revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2025 | $16M | $600M | 37.5x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Jupiter Funding History
Jupiter has raised a total of $172M across 5 funding rounds.
Jupiter's first fundraising round was a $24M seed round in November 2019. The most recent completed round was a $15M undisclosed-stage round in October 2025.
Jupiter funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2025 | Undisclosed stage | BEENEXT; Jitendra Gupta; Mirae Asset Venture Investment; 3one4 Capital | $15M | $600M | Jupiter Money is a Bengaluru-based fintech platform offering savings accounts, credit cards, loans, investments, insurance, and other financial products through a single regulated app targeting India's millennials. The company raised $15 million (₹115 crore) in October 2025 from existing investors Mirae Asset Venture Investments, BEENEXT, 3one4 Capital, and founder Jitendra Gupta at a flat post-money valuation of $600 million, matching its 2021 round valuation. The funds will support scaling operations responsibly, achieving operational breakeven within 24 months, doubling the user base in 2-2.5 years, expanding its NBFC lending suite into personal, SME, and secured loans, and integrating AI for efficiency. Jupiter has onboarded over 3 million customers, with 60% actively engaging across multiple products and over a quarter using two or more services. Its account aggregator platform serves over 1 million active users, and the co-branded credit card with CSB Bank has issued over 150,000 cards with users averaging 24 transactions per month. The company reported revenue more than doubling (over 2.2X) in the last financial year and a current revenue run rate exceeding ₹150 crore. |
| Jun 2024 | Seed | Peak XV Partners (lead); Global Founders Capital; QED Investors; BEENEXT; Mirae Asset Venture Investment; Amrish Rau; Tiger Global; Whiteboard Capital; Z47; Greyhound Capital | $2M | - | - |
| Dec 2021 | Series C | Peak XV Partners (lead); QED Investors (lead); Tiger Global (lead) | $86M | $711M | Jupiter Money, founded in 2019 by Jitendra Gupta, is a Bengaluru-based neobanking startup offering 100% digital savings accounts with money management features like real-time spend insights, asset tracking, personalized savings goals, and UPI transfers. It has expanded into credit cards, loans, investments, insurance, and prepaid instruments, serving over 3 million customers with high engagement on co-branded cards. In December 2021, Jupiter raised approximately $85-87 million in a Series C round jointly led by Tiger Global, Peak XV Partners (formerly Sequoia Capital India), and QED Investors, with participation from Matrix Partners India, BEENEXT, Rocket Internet, Mirae Asset Ventures, 3One4 Capital, and Nubank. The round valued the company at $600 million, following a Series B raise of $44 million at $300 million valuation earlier that year. This brought total funding to over $150 million at the time. The company continues raising from existing investors, including a $15 million extension at flat $600 million valuation and $13 million in 2024-2025. Jupiter operates in India's competitive fintech space, focusing on millennials with personalized financial wellness tools and plans for lending and investments. It has over 70 institutional investors and leverages AI for efficiencies. |
| Aug 2021 | Series B | Global Founders Capital (lead); Nubank (lead); Peak XV Partners (lead); Z47 (lead); Hummingbird Ventures; AngelList India; BEENEXT; Mirae Asset Venture Investment; Lee Fixel; Tanglin Venture Partners; 3one4 Capital; Greyhound Capital | $45M | $300M | Jupiter is an Indian neobank founded by Jitendra Gupta, targeting millennials with digital banking solutions including spending insights, wealth management, savings tools, and upcoming buy-now-pay-later products via UPI, partnered with Federal Bank, NPCI, and Visa. In August 2021, it raised $45 million in a Series B round co-led by Nubank, Global Founders Capital, Peak XV Partners (then Sequoia Capital India), and Z47 (then Matrix Partners India), with participation from Mirae Asset Venture Investment, and existing investors like 3one4 Capital, AngelList India (via Addition Ventures), BEENEXT, Greyhound Capital, Hummingbird Ventures (possibly via networks), Lee Fixel, Tanglin Venture Partners. The round brought total funding to around $71 million following a $24 million seed in 2019 and $2 million Series A. The funding valued Jupiter at over $300 million post-money, supporting its public launch after a June 2021 beta with a 100,000-person waitlist and over 120 employees across Mumbai and Bengaluru offices. Nubank highlighted similarities between Indian and Brazilian markets for digital banking disruption, aiming to enhance customer experience by eliminating bureaucracy. Jupiter competes in India's nascent neobanking space alongside Open, EpiFi, Razorpay, and Niyo, focusing on financial wellness products for consumers including those without credit scores. |
| Nov 2019 | Seed | Peak XV Partners (lead); Hummingbird Ventures; Utsav Somani Investments; Global Founders Capital; Rainmatter Capital; Z47; 3one4 Capital; Greyhound Capital | $24M | - | - |
Who has invested in Jupiter?
19 investors have backed Jupiter across its funding rounds, including Peak XV Partners, Global Founders Capital, BEENEXT, Mirae Asset Venture Investment, Z47 and 3one4 Capital.
Lead investors include Peak XV Partners, QED Investors, Tiger Global, Global Founders Capital, Nubank and 1 other investor.
Jupiter Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Nov 2019 | ||
| 3 | Lead | Nov 2019 | ||
| 3 | Participant | Aug 2021 | ||
| 3 | Participant | Aug 2021 | ||
| 3 | Lead | Nov 2019 | ||
| 3 | Participant | Nov 2019 | ||
| 3 | Participant | Nov 2019 | ||
| 2 | Participant | Nov 2019 | ||
| 2 | Lead | Dec 2021 | ||
| 2 | Lead | Dec 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Lead | Aug 2021 | ||
This data is available for Pro users. Sign up to see all 19 Jupiter investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Jupiter
Jupiter has acquired 3 companies to date.
Last acquisition by Jupiter was on February 17th 2023. Jupiter acquired sumHR for undisclosed valuation.
Latest Acquisitions by Jupiter
| Description | sumHR is a cloud-based human resource management system tailored for startups and SMEs. It automates payroll, attendance tracking, leave management, and employee onboarding. The Indonesia-headquartered platform replaces spreadsheets with compliant tools for Indonesian labor laws and tax regulations. | Easyplan is a Mumbai-based financial app automating savings for young Indians. It transfers portions from salary accounts to low-risk liquid mutual funds from partners like HDFC and ICICI for goal-based saving. Users set targets for vacations, gadgets, or emergencies with automated sweeps and progress tracking. | Mitter is a Bengaluru-headquartered provider of chat APIs enabling omnichannel messaging for enterprises. Its platform integrates WhatsApp, SMS, email, and in-app chat, supporting customer service automation for Indian fintech and e-commerce firms. |
| HQ Country | |||
| HQ City | Mumbai | Mumbai | Bangalore |
| Deal Date | 17 Feb 2023 | 28 Jun 2021 | 1 Jan 2019 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Jupiter acquisitions and their M&A valuation multiples. Start Free Trial | |||
Investments by Jupiter
Jupiter has invested in 2 companies to date.
Latest investment by Jupiter was on September 6th 2022. Jupiter invested in Dust Labs in their $7M Seed round.
Latest Investments by Jupiter
| Description | Dust Labs is a developer of tools enhancing value for NFT and DAO communities. The company builds web3 applications including token-gated access platforms, holder reward systems, and community governance interfaces. Dust Labs focuses on blockchain integrations for Ethereum and Solana ecosystems to facilitate exclusive content, airdrops, and engagement features. | Pencilton is a web-based gamification tool teaching money management basics through interactive decisions with virtual currency. Users practice budgeting, spending, and saving in simulated scenarios for intuitive financial literacy. |
| HQ Country | ||
| HQ City | Los Angeles, CA | Hyderabad |
| Deal Date | 6 Sep 2022 | 27 Jul 2021 |
| Round | Seed | Pre-seed |
| Raised | $7M | $300K |
| Investors | Chapter One; Solana Ventures; Felicis; FTX Ventures; Hyperspace Capital; Magic Eden; Foundation Capital; Unlock Venture Partners; Mysten Labs; Big Brain Holdings | Prashant Singh; Nilesh Patel; Ashish Sharma; Himanshu Sharma; Tirumalareddy Karri; Vignesh Ramanujam; Kunal Sinha |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Jupiter investments and their VC round multiples. Start Free Trial | ||
Jupiter Competitors
Jupiter competitors include listed companies like Rhino Bitcoin and Morrow Bank, and private ones like Fi.Money, Monedo, GoTyme Bank and 10X Banking.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $478K | ($417K) | $594M | - | ||
| Private | - | - | $565M | - | ||
| Private | - | - | $545M | - | ||
| Private | $31M | - | $680M | 21.9x | ||
| Private | $118M | $7M | $700M | 5.9x | ||
| Publicly listed | $137M | - | $514M | 2.9x |
Jupiter Public Comps
Jupiter is still privately-owned, but its public comps include Rhino Bitcoin, Morrow Bank, Bank Jago, Green Dot, Valu, Judo Bank, Lesaka Technologies, NewtekOne, Wema Bank and Instabank.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
| $137M | - | 3.7x | 2.9x | - | - | |||
| $145M | - | 5.1x | 3.7x | - | - | |||
| $2.1B | ($12M) | 0.4x | 0.3x | (63.9x) | 4.2x | |||
| $108M | $22M | 4.1x | 7.0x | 20.2x | - | |||
| $368M | - | 2.2x | 2.1x | - | - | |||
| $722M | $67M | 0.5x | 0.8x | 5.5x | 4.7x | |||
| $267M | - | 1.3x | 1.1x | - | - | |||
This data is available for Pro users. Sign up to see all Jupiter competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Jupiter
| When was Jupiter founded? | Jupiter was founded in 2019. |
| Where is Jupiter headquartered? | Jupiter is headquartered in Mumbai, India. |
| Is Jupiter publicly listed? | No, Jupiter is a private, VC-backed company. |
| What is Jupiter's valuation? | Jupiter was last valued at $600M in its undisclosed-stage round in October 2025. |
| How much funding has Jupiter raised? | Jupiter has raised $172M across 5 funding rounds. |
| What was Jupiter's last funding round? | Jupiter's last funding round was a $15M undisclosed-stage round in October 2025. |
| Who are Jupiter's investors? | Jupiter's investors include Peak XV Partners, Global Founders Capital, BEENEXT, Mirae Asset Venture Investment, Z47, 3one4 Capital, Greyhound Capital, Hummingbird Ventures, QED Investors, Tiger Global and 9 others. |
| What is Jupiter's revenue? | Jupiter's latest recorded revenue is $16M (October 2025). |
| What is Jupiter's revenue multiple? | Jupiter's latest valuation implies a 37.5x revenue multiple ($600M valuation on $16M of revenue). |
| Which companies are comparable to Jupiter? | Companies comparable to Jupiter include Rhino Bitcoin, Fi.Money, Monedo, GoTyme Bank, 10X Banking and Morrow Bank. |
| How many companies has Jupiter acquired? | Jupiter has acquired 3 companies, including sumHR, Easyplan and Mitter. |
| How many companies has Jupiter invested in? | Jupiter has invested in 2 companies, including Dust Labs and Pencilton. |
| What was Jupiter's last investment? | In September 2022, Jupiter invested in Dust Labs' $7M seed round alongside Chapter One, Solana Ventures, Felicis and 7 other investors. |
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