Total amount raised
$87.4 Million
Latest funding date
12/1/2021
Location
Juspay has successfully raised funding over six rounds, with the latest being a Series D round led by Kedaara Capital. The company is backed by ten investors, including notable names like Accel and SoftBank Vision Fund.
Juspay's platform offers a comprehensive suite of payment solutions, including HyperCheckout, Express Checkout, and UPI infrastructure, aimed at providing superior user experiences and seamless payment operations. Keep reading to explore the intricacies of Juspay's fundraising journey and the investors backing this innovative platform.
What Is JUSPAY?
Juspay is a leading multinational payments technology company headquartered in Kormangala, Karnataka, India. The company operates in the FinTech, Internet, Mobile Payments, and Payments industries, serving over 500 top global enterprises and banks.
Founded with the mission to redefine payments, Juspay has grown to employ between 1001 and 5000 people. The company offers a comprehensive suite of payment solutions, including HyperCheckout, Express Checkout, and UPI infrastructure, aimed at providing superior user experiences and seamless payment operations.
How Much Funding Has JUSPAY Raised?
- Pre-Seed Round
- Amount Raised: USD 450,000
- Date: January 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Juspay's payment technology platform.
- Series A Round
- Amount Raised: USD 5,820,684
- Date: February 2016
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the payment infrastructure.
- Series B Round
- Amount Raised: USD 21,600,000
- Date: March 2020
- Lead Investors: VEF
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C Round
- Amount Raised: USD 60,000,000
- Date: December 2021
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: USD 460,000,000
- Motivation Behind the Round: To enhance technology infrastructure and scale the business in payments and credit.
- Secondary Market Round
- Amount Raised: Not publicly disclosed
- Date: April 2025
- Lead Investors: Kedaara Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series D Round
- Amount Raised: USD 60,000,000
- Date: April 2025
- Lead Investors: Kedaara Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and invest in new product lines.
Juspay has raised a total of USD 147,870,684. The current valuation is USD 460,000,000.
Key Investors
- SoftBank Vision Fund 2
- Details: SoftBank Vision Fund 2 is a venture capital fund managed by SoftBank Investment Advisers, focusing on technology-driven companies. It has invested over $3 billion in Indian businesses this year alone.
- Investment Focus Areas: Technology, fintech, artificial intelligence.
- Notable Investments: Uber, WeWork, ByteDance.
- VEF
- Details: VEF is an investment company that focuses on fintech companies in emerging markets. It participated in Juspay's Series C funding round.
- Investment Focus Areas: Fintech in emerging markets.
- Notable Investments: Creditas, Konfio, TransferGo.
- Accel
- Details: Accel is a global venture capital firm that invests in early-stage and growth-stage technology companies. It led Juspay's Series A round and holds a 20% stake in the company.
- Investment Focus Areas: Software, internet, mobile.
- Notable Investments: Facebook, Dropbox, Slack.
- Wellington Management
- Details: Wellington Management is a private, independent investment management company that provides investment solutions to clients worldwide. It participated in Juspay's Series C funding round.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Airbnb, Robinhood, SpaceX.
- Kedaara Capital
- Details: Kedaara Capital is a private equity firm that focuses on investments in India. It led Juspay's Series D funding round.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for JUSPAY?
Juspay stands at the cusp of significant growth opportunities, driven by its robust technology infrastructure and expanding market presence. With the recent $60 million Series C funding, the company aims to scale its operations, targeting 100 million transactions per day. This expansion is bolstered by the increasing demand for digital payments, micro-payments, and buy-now-pay-later services, positioning Juspay to capture a larger share of the fintech market.
Future fundraising opportunities appear promising as Juspay continues to innovate and expand its product offerings. The involvement of high-profile investors like SoftBank Vision Fund 2 and Wellington Management signals strong investor confidence, paving the way for potential future funding rounds. These investments will be crucial in supporting Juspay's global expansion and technological advancements.
However, Juspay faces challenges such as intense competition in the fintech sector and the need for continuous technological innovation. Regulatory hurdles and the necessity to maintain high transaction reliability and security also pose significant obstacles. Despite these challenges, Juspay's strategic vision and strong financial backing position it well for sustained growth and success in the evolving digital payments landscape.
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