Juspay Becomes India’s First Unicorn of 2025: $1 Billion Valuation Achieved

Bengaluru-based payments infrastructure provider Juspay has become India’s first unicorn of 2025 after securing $60 million in a Series D funding round. Led by Kedaara Capital, with participation from existing backers SoftBank and Accel, the funding round has pushed Juspay’s valuation past the $1 billion mark. Despite raising less than earlier projections of $150 million, this marks a significant milestone for India’s fintech ecosystem. Juspay is now setting its sights on enhancing its technology stack through AI and expanding into international markets.

Key Highlights of Juspay’s Unicorn Status

Funding Details

• Amount Raised: $60 million
• Funding Round: Series D
• Lead Investor: Kedaara Capital
• Other Participants: SoftBank and Accel
• Structure: Combination of primary and secondary components
• Initial Target: Up to $150 million (scaled back)

Unicorn Milestone

• Valuation: Surpasses $1 billion
• Status: India’s first unicorn of 2025
• Location: Headquartered in Bengaluru, Karnataka

Future Plans & Business Strategy

Investment in AI Tools

• Focus on AI-led productivity enhancements
• Reduction in manual work for operations
• Improved dashboards for merchant analytics

International Expansion Targets

• Asia-Pacific (APAC)
• Latin America
• Europe, UK, and North America

Challenges Ahead

• Loss of Major Clients: Razorpay and PhonePe have moved away from Juspay’s services
• Impact: Could affect growth momentum and platform adoption
• Need for Innovation: Must continue evolving to retain existing partners and attract new ones globally