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Juspay raises $50 Mn from WestBridge Capital at $1.2 Bn valuation

EntrackrEntrackr · 5h ago
Juspay raises $50 Mn from WestBridge Capital at $1.2 Bn valuation
Medial

Juspay raises $50 Mn from WestBridge Capital at $1.2 Bn valuation Bengaluru-based payments infrastructure firm Juspay has raised $50 million in a Series D follow-on round from WestBridge Capital through a mix of primary and secondary transactions. Avendus Capital acted as the financial advisor to Juspay on this transaction. Juspay said the latest funding round pegged its valuation at $1.2 billion, compared to around $900 million in the previous round. With this, the company has become the first unicorn of 2026. The primary capital will be used to support global expansion and product development, while the secondary portion will provide partial liquidity to early investors and employees holding ESOPs. This is the second liquidity event facilitated by the company in the past year. The fundraise follows continued operational growth. Juspay said its annualised total payment volume (TPV) has crossed $1 trillion, with the platform processing over 300 million transactions daily. The company serves enterprises and banks across sectors such as ecommerce, travel, food delivery, insurance and financial services, and has expanded its presence across Asia-Pacific, the Middle East, Latin America, Europe, the UK and North America. Founded in 2012, Juspay builds payments infrastructure with a focus on open-source, interoperable and modular systems. Its offerings include payment orchestration, authentication, tokenisation and core payments infrastructure for banks. The company is also investing in artificial intelligence-driven tools aimed at improving merchant experience and internal operations. The latest round adds to Juspay’s recent funding history. In April 2025, the company raised $60 million in a Series D round led by Kedaara Capital, with participation from SoftBank and Accel. That round also included a secondary component. Earlier, in December 2021, Juspay raised $60 million in a Series C round led by SoftBank Vision Fund 2, with participation from Wellington Management and VEF, at an estimated valuation of about $460 million. Prior to that, the company raised a Series B round in 2020 led by VEF, following its early institutional backing from Accel in 2016. Headquartered in Bengaluru, Juspay works with over 500 enterprises and banks globally and operates with a distributed workforce of more than 1,500 employees across India, the US, Europe, Latin America, Southeast Asia and the Middle East. For the fiscal year ended March 2025, Juspay reported operating revenue of Rs 540 crore and a profit of Rs 62.28 crore.

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Oyo raises $50 Mn from InCred at $2.38 Bn valuation

EntrackrEntrackr · 1y ago
Oyo raises $50 Mn from InCred at $2.38 Bn valuation
Medial

Oyo has raised Rs 416.85 crore (approximately $50 million) from InCred Wealth and Investment. The funding is coming after a gap of almost three years for the Gurugram-based hospitality unicorn. The board at Oyo has passed a special resolution to issue 14,37,41,379 Series G CCPS at an issue price of Rs 29 each to raise Rs 416.85 crore or $50 million, its regulatory filing accessed from the Registrar of Companies (RoC) shows. Oyo will use these proceeds for growth, global expansion (including acquisitions), and enhanced business plans, according to the filings. As per TheKredible estimates, the company has been valued at around Rs 19,756 crore or $2.38 billion post-allotment. Importantly, the new investor will command a 2.11% stake in the company (post allotment). In August 2021, US-based tech giant Microsoft had invested $5 million in the Lightspeed-backed firm at a valuation of $9.6 billion. The latest capital has come at a valuation haircut of more than 70% from its peak. Recently, Oyo’s founder Ritesh Aggarwal said that the firm posted its maiden annual net profit of Rs 100 crore in FY24. The company didn’t disclose its revenue for the last fiscal. In FY23, its revenue from operations grew 14.3% to Rs 5,464 crore from Rs 4,871 crore in FY22. During the period, the firm cut down losses by 33.7% to Rs 1,287 crore. Recently, Oyo withdrew its draft papers (DRHP) for the second time in the wake of unfavorable conditions. The firm may refile the IPO papers after the conclusion of the ongoing round in which Oyo is likely to raise more capital. Oyo’s major investor SoftBank first reduced its valuation to $3.4 billion in 2022. However, the firm rejected the markdown then.

Porter raises $200 Mn led by Kedaara and Wellington Management

EntrackrEntrackr · 8m ago
Porter raises $200 Mn led by Kedaara and Wellington Management
Medial

Porter, an on-demand goods transport agency, has raised $200 million in its Series F funding round, led by Kedaara Capital and Wellington Management. Existing investor Vitruvian Partners also participated in the round, which is a combination of primary investment and secondary share sales by select existing shareholders. As per several media reports, the company has been valued at $1.1-1.2 billion, making it the third unicorn of 2025. Netradyne and Juspay also achieved the feat in January and April respectively. However, Porter did not disclose its current valuation. The fresh round has come after a gap of three and a half years for the Bengaluru-based company. It raised $100 million Series E round led by Tiger Global and Vitruvian Partners in October 2021 at a valuation of around $500 million. Porter company provides a full-stack logistics platform to help businesses optimize their last-mile delivery operations. It primarily serves micro, small, and medium enterprises (MSMEs) and has expanded its presence to over 20 cities in India. For the fiscal year ending in March 2024, Porter’s revenue from operations grew 55.9% to Rs 2,733.8 crore. Despite rising expenses, the firm managed to cut down its losses by 45% to Rs 95.7 crore against Rs 174.6 crore in FY23. The Arch reported that Porter’s scale has jumped 55% to Rs 4,300 crore in FY25.

Zepto raises $340 Mn at $5 Bn valuation

EntrackrEntrackr · 1y ago
Zepto raises $340 Mn at $5 Bn valuation
Medial

Quick commerce company Zepto has raised $340 million in a follow-on financing round led by General Catalyst, with Dragon Fund and Epiq Capital joining as new investors. Existing investors, including StepStone, Lightspeed, DST, and Contrary, also increased their stakes. With this new funding, the company’s valuation has surged by nearly 40%, rising to $5 billion from $3.6 billion in June, when it raised $665 million in its Series F round. Zepto, has raised over $1 billion in 2024, $1.2 billion in the past 12 months, and more than $1.5 billion since its inception. “The rationale behind this follow-on financing was twofold,” said Aadit Palicha, co-founder and CEO of Zepto. “First, the opportunity to bring on a lead investor of Neeraj Arora’s caliber from General Catalyst was one we couldn’t pass up. Second, strengthening our balance sheet is a strategic move, especially as the company continues to deliver robust growth and operating leverage.” Zepto serves millions of customers by delivering over 10,000 products across various categories within 10 minutes through a network of delivery hubs nationwide. The Mumbai-based firm claims it has nearly achieved EBITDA positivity with 140% year-on-year growth and an annualized gross merchandise value of over $1 billion (Rs 8,300 crore). As of May 2024, it also reports that about 75% of its stores are fully EBITDA positive. In FY23, Zepto registered a 14-fold increase in revenue to Rs 2,024 crore, though its losses widened to Rs 1,272 crore. The quick commerce sector is becoming increasingly competitive with Flipkart’s recent entry and BigBasket’s full shift to rapid delivery. Additionally, e-commerce leader Amazon is expected to join the market early next year. Currently, Zomato-owned Blinkit has emerged as top player in the quick commerce followed by Swiggy Instamart, Zepto and Tata Digital-owned BigBasket.

Finfactor raises $15 Mn in Series A led by WestBridge

EntrackrEntrackr · 1m ago
Finfactor raises $15 Mn in Series A led by WestBridge
Medial

Finfactor raises $15 Mn in Series A led by WestBridge The Pune-based company had earlier raised $2.5 million in July 2022 from Varanium Nexgen Fund, IIFL, DMI Sparkle Fund, and others. Finfactor, the parent company of Finvu Account Aggregator, has raised $15 million in its Series A round led by WestBridge Capital, with participation from existing investors Varanium Capital, DMI Sparkle Fund, and IIFL Fintech Fund. According to the company, the new capital will be used to expand its product suite for financial institutions, enhance its analytics capabilities, and advance its goal of becoming a full-stack technology provider for banks and BFSI clients. Co-founded by Manoj Alandkar and Munish Bhatia, Finvu Account Aggregator enables secure data exchange for banks, insurers, stockbrokers, investment advisors, and other financial institutions and claims to have served more than 50 million consumers. Finfactor offers data analytics and artificial intelligence-driven solutions such as a multi AA gateway, bank statement analyser, loan monitoring and collections tools, and wealth management capabilities. It serves more than 150 BFSI clients including HDFC Bank, Axis Bank, Motilal Oswal, Canara Bank, and CRED, supported by a team of more than 120 professionals. WestBridge recently led the $40 million Series B round for credit infrastructure fintech FinBox. It has also backed enterprise AI platform UnifyApps, edtech firm SpeakX, and took part in a secondary transaction in Rapido to facilitate an exit for Swiggy.

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