Bengaluru-based payment aggregator Juspay has closed a $60 million financing round led by domestic private equity fund Kedaara Capital with existing investors SoftBank and Accel participating.
The funding round values the company at more than $900 million, doubling its previous valuation of $440 million in 2022.
The primary funds being infused in Juspay is around $10 million, while the rest of the round facilitates secondary sales by existing shareholders to incoming ones.
Juspay plans to advance its artificial intelligence capabilities to improve workforce productivity and merchant experience.