PE Fund Investments
Payments app Juspay raises $60-M from SoftBank, VEF, Wellington Mgmt
Bengaluru-based payments technology startup Juspay has raised USD 60 million in a round led by SoftBank Vision Fund II (contributing USD 50 million) and participation from existing investors Vostok Emerging Finance (VEF) and Wellington Management. The new round values Juspay at USD 460 million compared to its previous valuation of around USD 140 million. Started in 2012, the company offers payments processing technology to merchants. Juspay will use the new capital to invest in its technology and product development, to scale its business in payments and product adjacencies like credit - both in India and globally.
From the Venture Intelligence PE-VC Deal Database: Between Dec-15 and Apr-20, Juspay raised over INR 200 Cr from Vostok Emerging Finance, Wellington Management, Accel India, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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