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Economic Times

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Image Credit: Economic Times

Juspay closes $60 million funding from Kedaara Capital, others; valuation doubles to more than $900 million

  • 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.

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