Payment technology firm Juspay has raised $60 million in its Series D funding round, led by private equity firm Kedaara Capital. The round includes a mix of primary and secondary investments, with existing backers SoftBank and Accel also participating.
This marks Juspay’s first capital raise in over three years, following its $60 million Series C round in December 2021 led by SoftBank Vision Fund 2, which valued the company at $460 million. While reports have hinted that Juspay may be nearing unicorn status with the latest funding, the company has not disclosed its current valuation.
Founded in 2012, Juspay offers a comprehensive suite of payment solutions, including checkout orchestration, 3DS authentication, tokenization, unified analytics, and real-time payment infrastructure. It caters to both enterprise merchants and banks, aiming to streamline and secure digital transactions.
The company claims to process more than 200 million transactions daily with 99.999% reliability and handles over $900 billion in annual total processed volume. While its core operations are based in India, Juspay has expanded its footprint to international markets such as Asia-Pacific, Latin America, Europe, the UK, and North America.
With the new funds, Juspay plans to ramp up investments in artificial intelligence to boost workforce productivity and enhance its merchant offerings. The move comes amid a challenging phase for the company, as several major platforms — including Paytm, PhonePe, Cashfree, and Razorpay — have recently ended their partnerships with Juspay as a third-party orchestration provider.
Despite this shake-up, Juspay remains focused on innovation and scaling its global presence. The latest funding is expected to fuel its next phase of growth, particularly in AI-driven solutions for the evolving digital payments landscape.
