Juspay’s New Funding Round Boosts Valuation to $1.2 Billion

Indian payments technology provider Juspay Technologies Pvt. has raised fresh funds in a round led by WestBridge Capital that boosts the company’s valuation to about $1.2 billion.

The $50 million round comprised a mix of primary and secondary share sales, offering partial liquidity to early investors and employees holding stock options, people familiar with the matter said, asking not to be identified as the information is private. Juspay was valued at roughly $950 million in its previous funding round last year, the people said.