New Delhi, Jan. 28 -- JusPay receives backing from SoftBank with its announcement to reach a $1 billion valuation through a new $150 million funding round. The upcoming milestone puts JusPay on track to join the exclusive unicorn club as one of the first startups this year to achieve this prestigious categorization. According to industry experts, JusPay will continue its upward movement following its recent $150 million funding round because it plays an essential role within India's digital payment sector.

JusPay's funding round will include major investments from SoftBank and WestBridge according to sources which solidifies the investors' belief in JusPay's future prospects. Following this funding round the company will have raised more...