Funding · Financial Services

Juspay raises $50M, becomes first unicorn of 2026

By Startup Enthusiast · 23 January 2026

What they do

Juspay offers end-to-end enterprise payment solutions including payment orchestration and UPI stack

It raised a $50M Series D follow-on round led by WestBridge Capital at a $1.2B valuation

The round includes primary capital for global expansion and secondary capital for early investors and ESOP holders

Juspay raised a $50M Series D follow-on round from WestBridge Capital.
The round values Juspay at $1.2B, making it the first unicorn of 2026.
It is the 127th unicorn in India.
The round includes both primary capital (new money for the company) and secondary capital (existing shareholders sell their shares).
Primary capital will be used for global expansion and product development.
Secondary capital provides liquidity for early investors and ESOP employees.
Juspay plans to invest in AI-driven tools for merchant experience and internal operations.
Avendus Capital acted as the financial advisor for the round.

Juspay turned profitable in FY25 after reporting a net loss in FY24.
Its FY25 net profit was about INR 62.3 Cr and operating revenue about INR 514 Cr.
The RBI granted Juspay a PA licence in February 2024, and it launched HyperPG.
Competitors include PhonePe, Razorpay, Cashfree, and Paytm ended third-party router ties.

Juspay offers end-to-end enterprise payment solutions including payment orchestration, payment infrastructure, and a complete UPI stack.
It focuses on open-source, interoperable, and modular systems.
Its offerings include payment orchestration, authentication, tokenisation, and core payments infrastructure for banks.
Juspay processes over 300M daily transactions and has an annualised TPV (total payment volume) of over $1T.
It serves more than 500 enterprises and banks globally.
Clients include Agoda, Amazon, Flipkart, Google, HSBC, IndiGo, Swiggy, Zepto, and Zurich Insurance.
The company has over 1,500 employees across India, US, Europe, Latin America, Southeast Asia, and the Middle East.
Its presence spans Asia-Pacific, Middle East, Latin America, Europe, UK, and North America.

WestBridge Capital (lead) — A new investor in Juspay; Deepak Ramineedi, partner, commented on Juspay's deep-tech focus and profitable growth.

Product: payments infrastructure startup
Customers: Mid-sized Indian businesses and enterprise finance teams.
How it makes money: Provides a B2B finance automation and banking platform for business banking, expense management, and accounting workflows.
What sets it apart: AI-driven automation that plugs into legacy ERPs and banks with no migration required.