Juspay has raised a total funding of $88 million over 3 rounds, according to data from Tracxn.

Payment infrastructure company Juspay has raised $60 million as part of its Series D funding round in a combination of primary and secondary investments. Kedaara Capital led this investment round with participation from existing investors Softbank and Accel.

The company plans to to deepen its investments in artificial intelligence to enhance workforce productivity and improve the merchant experience.

The company has expanded its footprint to regions such as Asia-Pacific, Latin America, Europe, the UK, and North America. It also continues to invest in its open-source payments orchestration platform, which it says allows enterprise merchants greater flexibility and transparency in managing their payments stack.

“For the past decade, Juspay’s mission has been to create long-term value across the payments ecosystem—supporting merchants, banks, networks, and, by extension, the billions of users they serve,” said Sheetal Lalwani, Co-founder & COO of Juspay. “Today, as we expand our global footprint and push the boundaries of AI, we remain committed to building truly open source and interoperable payment systems that embrace the growing diversity in the payments landscape. We welcome Kedaara Capital, we could significantly benefit from their rich experience as we build towards the next phase of our growth”, he added.

Founded in 2012 by Vimal Kumar and Sheetal Lalwani, Juspay offers a range of products including checkout, authentication, tokenisation, payouts, and unified analytics, powering over 200 million transactions daily with an annual processed volume exceeding $900 billion.

“We’re excited to partner with Juspay as they revolutionise global payments,” said Nishant Sharma, Founder and Managing Partner at Kedaara Capital. “Their strong tech foundation, open-source approach, and visionary leadership make them a standout. We look forward to supporting Vimal, Sheetal, and the team as they scale a resilient, future-ready platform for leading enterprises and financial institutions.”

This comes after Juspay’s long-term fintech partners, including Razorpay, Cashfree, Paytm and PhonePe, cut ties with the company over the past few months.

The fintechs are pushing their merchants to stop using any third-party payment orchestration platform. An orchestration platform is a router service that channels transactions to those banks and aggregators where the chance of a successful transaction is the highest. This ensures transactions do not fail.

In February 2024, Juspay received authorisation from the Reserve Bank of India to operate as a payment aggregator (PA).

The SoftBank-backed company reported a revenue of ₹319.32 crore for FY24, up from ₹213.39 crore in FY23, marking a growth of 49.6 per cent. Additionally, Juspay managed to cut its losses by 10 per cent during this period.

Till date, Juspay has raised a total funding of $88 million over 3 rounds, according to data from Tracxn.

Published on April 7, 2025