PE Fund Investments

Fintech co. Juspay attracts $60-M led by Kedaara Capital

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Bengaluru- based fintech startup Juspay has attracted USD 60 million (around INR 514 Cr) in a Series D funding round led by Kedaara Capital. The round - that was a mix of primary and secondary investments - saw participation from existing investors SoftBank and Accel India.The primary funds will be used to fuel Juspay’s AI capabilities and drive innovations to boost workforce productivity and merchant experience.Founded by Vimal Kumar and Ramanathan RV in 2012, Juspay is a full-stack software-as-a-service (SaaS) platform which offers digital payment gateway services. The startup claims to strengthen businesses with fraud prevention capabilities and optimising operational cost.

Between Dec 2015 and Mar 2022, Juspay had attracted about USD 97 M from Accel India, Vostok Emerging Finance, Wellington Management, SoftBank Corp, Avendus PE and Others.For FY24, Juspay had reported about INR 319 Cr in Operating Income and about INR 98 Cr in Net Loss.

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