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- Juspay
Juspay Revenue, Valuation, Funding & Investors
Juspay is valued at $1.2B as of January 2026, a 19.7x multiple on its last reported $61M revenue.
Last Juspay valuation
$1.2B
Series D · Jan 2026
Last Juspay funding round
$50M
Series D · Jan 2026
Juspay revenue
$61M
Series D · Jan 2026
Key investors in Juspay
Accel
SoftBank Group
Wellington Management
VEF
WestBridge Capital
Kedaara Capital
About Juspay
Juspay is a Bengaluru-based digital payments infrastructure provider, founded in 2012, that powers payment processing for clients including Amazon, Flipkart, Google, IndiGo, Swiggy, and banks such as HSBC. The platform has evolved from payment orchestration into a full-stack UPI platform and core payments infrastructure for banks and enterprises, processing more than 300 million transactions daily with annualized total payment volume exceeding $1 trillion. Juspay operates globally, with offices in San Francisco, Dublin, São Paulo, Singapore, and Dubai, serving more than 500 enterprises and banks across Asia-Pacific, the Middle East, Latin America, Europe, and North America.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based
Revenue
$61M (Jan 2026)
Valuation
$1.2B (Jan 2026)
Juspay Valuation
Juspay is currently valued at $1.2B, based on its Series D in January 2026.
The $50M round was led by WestBridge Capital.
Juspay's valuation has grown 57x from $21M at its Series A in February 2016 to $1.2B in January 2026, across 5 priced rounds.
Juspay valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jan 2026 | Series D | $1.2B | 19.7x |
| Jan 2026 | Secondary | $1.2B | 21.8x |
| Apr 2025 | Series D | $1B | 18.2x |
| Dec 2021 | Series C | $460M | 8.4x |
| Feb 2016 | Series A | $21M | - |
Juspay Revenue
Juspay's latest recorded revenue is $61M, as of its Series D in January 2026. At a $1.2B valuation, that implies a 19.7x revenue multiple.
Revenue grew from $55M in December 2021 to $61M in January 2026, while the revenue multiple moved from 8.4x to 19.7x.
Juspay revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jan 2026 | $61M | $1.2B | 19.7x | Series D |
| Jan 2026 | $55M | $1.2B | 21.8x | Secondary |
| Apr 2025 | $55M | $1B | 18.2x | Series D |
| Dec 2021 | $55M | $460M | 8.4x | Series C |
* 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.
Juspay Funding History
Juspay has raised a total of $197M across 5 funding rounds, plus 1 secondary share sale.
Juspay's first fundraising round was a $6M Series A in February 2016. The most recent completed round was a $50M Series D in January 2026.
Juspay funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2026 | Series D | WestBridge Capital (lead) | $50M | $1.2B | Juspay, a Bengaluru-based digital payments infrastructure provider founded in 2012, raised $50 million in a Series D follow-on round led by WestBridge Capital at a $1.2 billion post-money valuation. The funding, announced in January 2026, included a mix of primary and secondary investments, providing liquidity to early investors and ESOP holders. This marks the second such liquidity event within a year, following a $60 million Series D led by Kedaara Capital at around $900 million valuation. Clients include Amazon, Flipkart, Google, IndiGo, Swiggy, and banks like HSBC, with the platform processing over 300 million daily transactions and annualized total payment volume exceeding $1 trillion. Juspay has evolved from a payment orchestration platform to a full-stack UPI platform and core payments infrastructure for banks and enterprises. The company reported its highest-ever revenue of approximately $61 million (Rs 514 crore) in FY25, up 61% year-over-year, along with a profit after tax of $7.4 million (Rs 62 crore), achieving its first profitable year. It targets $1 billion in revenue through expansion in India and overseas before pursuing a public listing. Proceeds from the WestBridge round will support international scaling, AI enhancements for productivity and merchant services, and development of open-source, interoperable payments infrastructure. Juspay operates globally with over 1,500 experts across San Francisco, Dublin, São Paulo, Singapore, and Dubai, serving more than 500 enterprises and banks. WestBridge highlighted Juspay's deep-tech focus and sustainable profitable growth amid a selective funding environment for fintechs showing strong business models. |
| Jan 2026 | Secondary | WestBridge Capital (lead) | - | $1.2B | Juspay is a Bengaluru-based digital payments infrastructure provider founded in 2012, powering payment systems for global brands including Amazon, Flipkart, Google, IndiGo, Swiggy, Agoda, HSBC, Zepto, and Zurich Insurance. It processes over 300 million transactions daily with annualized total payment volume exceeding $1 trillion, operating across Asia-Pacific, Middle East, Latin America, Europe, UK, and North America. Juspay secured $50 million in a Series D follow-on round led by WestBridge Capital, structured as a mix of primary and secondary investments valuing the company at $1.2 billion. The secondary portion provided liquidity to early investors and ESOP holders, marking the second such event within a year. Avendus Capital advised on the transaction. Previously, Juspay raised $60 million in its initial Series D led by Kedaara Capital with SoftBank and Accel, at a $900 million valuation. The company reported Rs 514 crore in revenue for FY25, up 61% year-over-year, and Rs 62 crore profit after tax, its first profitable year. It targets $1 billion in revenue through India and overseas expansion before a potential public listing. Juspay focuses on building open-source, interoperable payments infrastructure, evolving from payment orchestration to full-stack UPI and core banking solutions, with investments in AI for merchant services and global scaling. |
| Apr 2025 | Series D | Kedaara Capital (lead); SoftBank Group; Accel | $60M | $1B | Juspay is a global payment infrastructure provider founded in 2012 and headquartered in Bengaluru, India. The company offers payment orchestration, authentication, tokenization, and core payments infrastructure services for banks and enterprises, operating with a commitment to open-source and interoperable systems. Juspay serves major clients including Amazon, Google, and IndiGo, and maintains offices across San Francisco, São Paulo, Dublin, Singapore, and Dubai with over 1,500 employees. In April 2025, Juspay raised $60 million in Series D funding led by Kedaara Capital, with participation from existing investors SoftBank and Accel. The round consisted of primary and secondary investments, valuing the company at $1.2 billion and providing liquidity for early investors and ESOP-holding employees. At the time of the April 2025 Series D round, Juspay reported processing over 200 million daily transactions with 99.999% reliability and an annual total processed volume exceeding $900 billion. The company subsequently raised an additional $50 million Series D extension from WestBridge Capital in January 2026 at the same $1.2 billion valuation, further supporting global expansion and development of AI capabilities. Juspay's traction includes selection by HSBC to develop a digital acquiring platform for global merchants, integration of fraud management, payment processing, and settlement services, and expansion across Asia-Pacific, Latin America, Europe, the UK, the Middle East, and North America. |
| Dec 2021 | Series C | SoftBank Group (lead); Wellington Management; VEF | $60M | $460M | Juspay Technologies, a Bengaluru-based payments technology platform founded in 2012 by Vimal Kumar and Ramanathan RV, provides a payment stack for businesses and merchants, offering products like Juspay Safe for OTP auto-read, HyperSDK for customizable payments, Express Checkout, UPI in a box, and on-cloud UPI services. Customers include Amazon, Flipkart, Cred, and Swiggy, and it contributed to developing the BHIM app for the National Payments Corporation of India. In December 2021, Juspay raised $60 million in a Series C round led by SoftBank Vision Fund II with $50 million invested, alongside participation from existing investors VEF (Vostok Emerging Finance) and Wellington Management, bringing total funding to approximately $88 million. The round valued Juspay at a post-money valuation of $460 million, up from around $140 million previously, with proceeds allocated to technology and product development, scaling payments and adjacencies like credit, global expansion, hiring toward 1,000 employees, and enhancing infrastructure. At the time, Juspay processed about 11 million transactions per day (over 300 million monthly) with a gross value exceeding $5 billion monthly, claiming to handle the bulk of mobile payments in India via SDKs installed on 250 million phones. SoftBank highlighted Juspay's innovation in India's digital payments market, unifying diverse payment options neutrally and supporting ecosystem initiatives like UPI and OCEN to simplify payments globally and boost merchant revenue at lower costs. Avendus Capital advised the round. The investment aligned with SoftBank's ongoing commitments in India, amid a fast-growing fintech sector. |
| Mar 2020 | Series B | VEF (lead); Wellington Management; Accel | $22M | - | - |
| Feb 2016 | Series A | Accel (lead); Rajesh Balpande; Parikshit Dar; Ashish Hemrajani | $6M | $21M | Juspay raised $5.8 million in Series A funding from venture capital firm Accel Partners in February 2016, with Accel acquiring a 20% stake in the company. The funding also included participation from BookMyShow founders Ashish Hemrajani, Parikshit Dar, and Rajesh Balpande. At the time of the investment, Juspay was valued at Rs 200 crore (approximately $32 million USD equivalent). Founded in 2012 by Vimal Kumar and Ramanathan RV (both former Amazon employees), with Sheetal Lalwani (former Bloomberg executive) joining as co-founder in 2014, Juspay provides digital payments solutions and infrastructure. Accel's Subrata Mitra joined the company's board as part of the investment. The Series A round was intended to expand the team and enhance the company's payment infrastructure capabilities. |
Who has invested in Juspay?
9 investors have backed Juspay across its funding rounds, including Accel, SoftBank Group, Wellington Management, VEF, WestBridge Capital and Kedaara Capital.
Lead investors include WestBridge Capital, Kedaara Capital, SoftBank Group, VEF and Accel.
Juspay Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Feb 2016 | ||
| 2 | Lead | Jan 2026 | ||
| 2 | Participant | Mar 2020 | ||
| 2 | Lead | Dec 2021 | ||
| 2 | Lead | Mar 2020 | ||
| 1 | Participant | Feb 2016 | ||
| 1 | Participant | Feb 2016 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Juspay
Juspay has acquired 1 company to date.
Last acquisition by Juspay was on February 6th 2024. Juspay acquired LotusPay for undisclosed valuation.
Latest Acquisitions by Juspay
| Description | LotusPay is a fintech platform offering recurring payment solutions for businesses in India via direct bank account debits. The service processes mandates through NPCI's e-NACH system, handling subscriptions, EMIs, and collections for e-commerce, SaaS, and membership models nationwide. |
| HQ Country | |
| HQ City | Gurgaon |
| Deal Date | 6 Feb 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Juspay acquisitions and their M&A valuation multiples. Start Free Trial | |
Juspay Competitors
Juspay competitors include listed companies like Paymentus, PicPay and Fawry, and private ones like Interswitch, Opn and Payhawk.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.2B | $117M | $4.6B | 3.0x | ||
| Publicly listed | $1.2B | $205M | $1.2B | 0.5x | ||
| Publicly listed | $166M | $73M | $1.2B | 5.2x | ||
| Private | $300M | - | $1B | 3.3x | ||
| Private | - | - | $1B | - | ||
| Private | $45M | - | $1B | - |
Juspay Public Comps
Juspay is still privately-owned, but its public comps include Isracard, PicPay, Fawry, Optasia, Deluxe, Jiangsu Tongxingbao, Eurowag, Worldline, Cuscal and eFinance.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.2B | $48M | 1.9x | - | 49.8x | - | |||
| $1.2B | $205M | 1.0x | 0.5x | 6.0x | 3.8x | |||
| $166M | $73M | 6.8x | 5.2x | 15.4x | 9.6x | |||
| $265M | $79M | 4.3x | 3.6x | 14.5x | 9.1x | |||
| $2.1B | $379M | 1.2x | 1.2x | 6.7x | 5.6x | |||
| $159M | $47M | 2.7x | - | 9.2x | - | |||
| $2.7B | $119M | 0.5x | 3.0x | 10.3x | 7.5x | |||
| $4.6B | ($5.2B) | 0.6x | 0.7x | (0.6x) | 3.8x | |||
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Common questions about Juspay
| When was Juspay founded? | Juspay was founded in 2012. |
| Where is Juspay headquartered? | Juspay is headquartered in India. |
| Is Juspay publicly listed? | No, Juspay is a private, VC-backed company. |
| What is Juspay's valuation? | Juspay was last valued at $1.2B in its Series D in January 2026. |
| How much funding has Juspay raised? | Juspay has raised $197M across 5 funding rounds. |
| What was Juspay's last funding round? | Juspay's last funding round was a $50M Series D in January 2026, led by WestBridge Capital. |
| Who are Juspay's investors? | Juspay's investors include Accel, WestBridge Capital, Wellington Management, SoftBank Group, VEF, Rajesh Balpande, Parikshit Dar, Ashish Hemrajani and Kedaara Capital. |
| What is Juspay's revenue? | Juspay's latest recorded revenue is $61M (January 2026). |
| What is Juspay's revenue multiple? | Juspay's latest valuation implies a 19.7x revenue multiple ($1.2B valuation on $61M of revenue). |
| Which companies are comparable to Juspay? | Companies comparable to Juspay include Paymentus, PicPay, Fawry, Interswitch, Opn and Payhawk. |
| How many companies has Juspay acquired? | Juspay has acquired 1 company, including LotusPay. |
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