Juspay closes $50 million in Series D follow-on round; becomes first unicorn of 2026

Juspay, a digital payments infrastructure startup, has raised $50 Mn (around INR 415 Cr) in its Series D follow-on funding round led by WestBridge Capital.

The funding round included both primary and secondary transactions, with Avendus Capital serving as the company’s financial advisor.

Juspay said it will use the new funds to fuel global expansion. The company already operates in the Asia-Pacific, Middle East, Latin America, Europe, UK, and North America.

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After the funding, Juspay’s valuation rose to USD 1.2 billion, up from about USD 900 million in its previous round. This makes Juspay the first startup to reach unicorn status in 2026.

“Our focus over the last decade has been on solving the core complexities of global payments through first principles engineering and design,” said co-founder Sheetal Lalwani. “This round reflects our growth and provides liquidity opportunities for our early investors and team members.”

Founded in 2012 by Lalwani and Vimal Kumar, along with Ramanathan RV, Juspay provides complete enterprise payment solutions, including payment orchestration, payment infrastructure, and a full UPI stack. The company says it handles over 300 million transactions daily, with an annualised total payment volume (TPV) exceeding $1 trillion.

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On the financial side, Juspay became profitable last fiscal year, reporting a net profit of INR 62.3 Cr in FY25 compared to a loss of INR 97.5 Cr the previous year.

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