Juspay closes $60 million funding from Kedaara Capital, others; valuation doubles to more than $900 million

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Bengaluru-based payment aggregator ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/juspay” target=”_blank”>Juspay has closed a $60 million financing round led by domestic private equity fund ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/kedaara-capital” target=”_blank”>Kedaara Capital with existing investors ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/softbank” target=”_blank”>SoftBank and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/accel” target=”_blank”>Accel participating.

The funding round, a mix of primary and secondary investments, ascribes a valuation of more than $900 million to the the company, three people in the know said. Data from business intelligence platform Tracxn shows that Juspay was valued at $440 million in 2022.

People in the know said the primary funds being infused in Juspay is around $10 million with rest of…



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Juspay closes $60 million funding from Kedaara Capital, others; valuation doubles to more than $900 million


Bengaluru-based payment aggregator ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/juspay” target=”_blank”>Juspay has closed a $60 million financing round led by domestic private equity fund ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/kedaara-capital” target=”_blank”>Kedaara Capital with existing investors ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/softbank” target=”_blank”>SoftBank and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/accel” target=”_blank”>Accel participating.

The funding round, a mix of primary and secondary investments, ascribes a valuation of more than $900 million to the the company, three people in the know said. Data from business intelligence platform Tracxn shows that Juspay was valued at $440 million in 2022.

People in the know said the primary funds being infused in Juspay is around $10 million with rest of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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