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SoftBank-backed Juspay revenue spikes 50% to Rs 319 Cr in FY24

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SoftBank-backed Juspay revenue spikes 50% to Rs 319 Cr in FY24

Payment technology firm Juspay has reported a 49.6% increase in its operating revenue for the fiscal year ending March 2024. The company, backed by SoftBank, also reduced its losses by 10% during the same period. Juspay offers payment processing technology to merchants and saw its revenue from payment platform integration grow by 46% to ₹286.5 crore ($38 million). Despite the revenue growth, the company's losses amounted to ₹97.54 crore ($13 million) in FY24. Juspay had cash and cash equivalents of ₹23.94 crore ($3 million) and receivables of ₹107.53 crore ($14 million) as of FY24.

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