India, Jan. 24 -- Bengaluru-based payments infrastructure firm Juspay has raised $50 million in a Series D follow-on round from WestBridge Capital. The latest round values Juspay at $1.2 billion, the company said in a statement on Friday. The funding is an extension of its $60 million Series D round launched in April 2025. According to a person in direct knowledge of the matter, the last round valued the company at around $900 million, effectively making this its entry into the unicorn club. A unicorn is a startup valued over $1 billion. The transaction comprises a mix of primary and secondary investments. Juspay said the secondary component will provide liquidity to early investors and employees holding employee stock ownership plans, marking the second such liquidity event enabled by the company within a year. Avendus Capital acted as the financial adviser to Juspay on this transaction. The funding comes after a period of uncertainty for the company, following the exit of several former clients such as PhonePe, Razorpay and Cashfree. These firms had earlier used Juspay's payment orchestration services but cut ties after the company secured its own payment aggregator licence, bringing it into direct competition with them. Juspay reported revenue of Rs.540 crore in FY25, up 55% year-on-year. It posted a net profit of Rs.62.3 crore during the year, after reporting losses in the previous four financial years. Founded in 2012, the company has raised about $106 million in equity funding from investors including SoftBank Vision Fund, Accel, VEF, Kedaara Capital and Wellington, according to funding tracker data. In the statement, Juspay said its annualised total payment volume now exceeds $1 trillion, with the platform processing more than 300 million transactions daily....