Juspay’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: JUSPAY TECHNOLOGIES PRIVATE LIMITED | CIN: U74900KA2012PTC098522
Introduction
Juspay, founded in 2012 by Vimal Kumar, Ramanathan RV, and Sheetal Lalwani, is a Bangalore-based payments technology provider specializing in UPI and digital payment solutions. The platform processes billions of transactions annually, powering seamless checkout for leading banks and merchants.
Company Snapshot & Financials FY24
| Founding year | 2012 |
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| Headquarters | Bengaluru, Karnataka, India |
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| Valuation (USD) | $1240906840 |
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| Total Funding (USD) | $105991503 |
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| Employees | 1,027 |
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| Annual Revenue (USD) | 4,19,96,812 (Mar 31, 2024) |
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| Annual Net Profit (USD) | -1,17,83,365 (Mar 31, 2024) |
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| Annual EBITDA (USD) | -97,84,035 (Mar 31, 2024) |
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Funding History
| Round | Date | Amount | Valuation | Investors |
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| Series A | 2015 | $3.5M | Not disclosed | Sequoia, Prime Ventures |
| Series B | 2017 | $10M | Not disclosed | Sequoia, Prime Ventures |
| Series C | 2019 | $23M | $375M valuation | Accel, Sequoia |
| Series D | 2021 | $57M | $1.2B valuation | Insight Partners, Accel |
Revenue and Profit Trends
Juspay’s revenue grew from ₹112.7 Cr in FY22 to ₹213.4 Cr in FY23 (↑89%) and to ₹319.3 Cr in FY24 (↑50%), while net losses narrowed from ₹105.5 Cr to ₹105.8 Cr (flat) and to ₹97.5 Cr (↓7.7%), indicating improving unit economics as scale increased.
Expense Efficiency & Margins
Juspay improved EBITDA margins from around –84% in FY22 to –40.9% in FY23 and –21% in FY24, reflecting tighter expense controls and increasing transaction volumes driving operating leverage.
Employee Trend & Insights
Juspay’s headcount grew from ~400 in FY22 to ~500 in FY23 and ~600 in FY24 to support product development, engineering, and customer success. Future hiring will focus on AI/ML, security, and compliance teams to enhance platform capabilities.
Strategic Growth, Plans & IPO
- Expand internationally via partnerships with global banks and fintech platforms.
- Enhance payment suite with AI-driven fraud detection and intelligent routing.
- Develop specialized payment solutions for BNPL, lending, and subscription services.
- Focus on profitability through improved take rates, cost optimization, and value-added services.
- Prepare for IPO once consistent profitability metrics and scale milestones are reached.
Latest News
In FY24, Juspay processed billions of transactions, grew revenue by 50% to ₹319.3 Cr, and trimmed net loss by 7.7% to ₹97.5 Cr. The company secured strategic investments and is exploring IPO prospects around 2026.
Overall Summary
| Metric | Details |
|---|
| Employees | ~400 → ~500 → ~600 |
| Revenue | ₹112.7 Cr → ₹213.4 Cr (↑89%) → ₹319.3 Cr (↑50%) |
| Net Loss | ₹105.5 Cr → ₹105.8 Cr → ₹97.5 Cr (↓7.7%) |
| EBITDA Margin | -84% → -40.9% → -21% |
| Valuation & Funding | $1240906840; $105991503 |
| IPO Status | Considering listing around 2026 post sustained growth and profitability. |
| Expansion Focus | International expansion, AI/ML fraud detection, vertical payment solutions. |
| Latest News | Revenue ₹319.3 Cr, loss ₹97.5 Cr in FY24; exploring IPO prospects |
Conclusion
Juspay’s strong revenue growth and narrowing losses underscore its position as a leading payments infrastructure provider. Continued focus on operational efficiency, product innovation, and market expansion will pave the way for profitability and a successful IPO.
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