Juspay lands $50m to scale bank-grade payments infrastructure

By Vriti Gothi

Bengaluru-based payments infrastructure firm Juspay has secured $50 million in a Series D follow-on round led by WestBridge Capital, valuing the company at $1.2 billion. The transaction comprises a mix of primary and secondary investments, providing liquidity to early investors and employee shareholders through ESOPs. It marks the second liquidity event facilitated by the company within a year.

The funding comes amid sustained operational growth. Juspay said its annualised total payment volume (TPV) now exceeds $1 trillion, with the platform processing more than 300 million transactions daily. Its client base includes global enterprises such as Amazon, Google, HSBC, Agoda, Flipkart, IndiGo, Swiggy, Zepto, and Zurich Insurance. The company has expanded its footprint beyond India into Asia-Pacific, the Middle East, Latin America, Europe, the UK, and North America.

Founded as a payment orchestration provider, Juspay has progressively broadened its scope to include full-stack UPI infrastructure and core payment systems for banks. The company positions itself as a provider of open-source, interoperable and modular payment infrastructure, serving merchants, financial institutions and networks seeking scalable and customisable payment stacks.

“Our focus over the last decade has been on solving the core complexities of global payments through first-principles engineering & design,” said Sheetal Lalwani, Co-founder and COO of Juspay. “As we scale globally, we are grateful for the continued trust of our partners. This round reflects our growth and provides liquidity opportunities for our early investors and team members who have been part of this journey.”

WestBridge Capital said the investment reflects confidence in Juspay’s evolution from orchestration to broader infrastructure capabilities. “Juspay has consistently demonstrated an ability to stay ahead of the curve by building robust, future-ready technology that powers the world’s most demanding payment ecosystems,” said Deepak Ramineedi, Partner at WestBridge Capital. He added that the firm’s expansion into banking infrastructure and its emphasis on sustainable growth were key factors in the investment decision.

The latest capital injection is expected to support Juspay’s global expansion strategy and continued investment in technology, including artificial intelligence aimed at enhancing merchant experience and internal productivity.

As payment ecosystems become more fragmented across geographies, regulatory regimes and payment methods, infrastructure providers capable of offering interoperable, bank-grade systems are attracting investor attention. Juspay’s raise underscores the ongoing consolidation and maturation of the global payments infrastructure segment, where scale, reliability and regulatory alignment are increasingly critical to enterprise adoption.

Avendus Capital acted as exclusive financial advisor to Juspay on the transaction.