"Juspay Emerges as India’s First Unicorn of 2025".
Economy Business
In April 2025, Bengaluru (Karnataka)-based payments infrastructure company, Juspay became India's 1st Unicorn of 2025 and successfully raised USD 60 million in a Series D funding round through a combination of primary and secondary investments.
- This round was led by Mumbai (Maharashtra)-based Kedaara Capital, with participation from existing investors such as: Tokyo (Japan)-based SoftBank Group Corporation and Chennai (Tamil Nadu, TN)-based Accel Limited.
- Mumbai (Maharashtra)-based Avendus Capital Private Limited acted as the exclusive financial advisor to Juspay for the transaction. Unicorn refers to startups whose valuation exceeds USD 1 billion.
- Juspay, a Bengaluru-based fintech firm, will use its recent funding to enhance Artificial Intelligence (AI) capabilities, aiming to develop future-ready innovations that boost workforce productivity and improve merchant experiences. It also plans to expand its open-source payment orchestration platform to meet growing market demands efficiently and effectively.
Main Point :- (i) The company has successfully expanded its global footprint, establishing a presence across Asia-Pacific, Latin America, Europe, the United Kingdom (UK), and North America. Notably, in January 2025, Juspay had already begun exploring a USD 150 million Series D funding round, led by Kedaara Capital, with potential support from West Bridge and SoftBank.
(ii) According to market intelligence platform Tracxn, Juspay had previously secured USD 60 million in Series C (2021) and USD 21.6 million in Series B (2020). These consistent funding rounds reflect strong investor confidence in the company's long-term vision and operational resilience.
(iii) In a significant regulatory milestone, the Reserve Bank of India (RBI) granted Payment Aggregator (PA) authorisation to Juspay in February 2024. Financially, the company demonstrated robust growth in FY 2023-24 (FV24), with revenue increasing by 49.6%, from Rs 213.39 crore in FV23 to Rs 319.32 crore in FV24.
About Juspay
Founder and CEO : Vimal Kumar
Headquarters : Bengaluru, Karnataka
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