Juspay picks up $60 mn in round led by Kedaara

Juspay, a payment infrastructure company for enterprises and banks, has secured $60 million as part of its Series D funding round led by Kedaara Capital, with participation from existing investors Softbank and Accel, the company said in a statement.

- Mansi Verma

According to a statement from early investor VEF, an investment company listed in Sweden, it will receive $14.8 million in gross proceeds from a partial stake sale in this round, while retaining a 7.8% ownership in Juspay. The remaining, close to $45.2 million, is the primary component in the funding round, according to a person in the kn