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Juspay turns unicorn with $50 mn investment

The company plans to use the fresh funds for global expansion

Agencies

NEW DELHI: Fintech firm Juspay has secured $50 million (around Rs 458 crore) in a fresh funding round from WestBridge Capital at a valuation of $1.2 billion, the company said on Friday.

The company plans to use the fresh funds for global expansion.

“Juspay..has secured $50 million in a Series D follow-on round, from WestBridge Capital. The transaction is a mix of Primary and Secondary investments, that value Juspay at $1.2 billion,” the company said in a statement.

The company was valued at $900 million last year.

The funding follows a year of continued growth for Juspay, with annualised Total Payment Volume (TPV) now exceeding $1 trillion, the statement said.

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