Bengaluru-based Juspay Technologies has reported a net profit of Rs 115 crore before exceptional items and tax for FY25, marking a sharp turnaround from a Rs 97.5-crore loss it witnessed in the previous fiscal.
The company’s revenue grew 61% year-on-year to Rs 514 crore in FY25, up from Rs 319.3 crore in FY24, powered by rising digital transaction volumes and expansion into new geographies.
Juspay’s daily transaction volumes grew 71% to over 300 million in FY25 from 175 million in the previous fiscal. Its annualised total payment volume (TPV) jumped 150% from $400 billion to $1 trillion during the period.
The growth came from adding merchants and banks, including Agoda, Amadeus, HSBC, Tiket, and Zurich Insurance to its network, alongside existing clients such as Amazon, Flipkart, Google, IndiGo, Swiggy, Urban Company, and Zepto, the company said.
The company opened offices across the US, Europe, Asia-Pacific, and Latin America during FY25. “We achieved profitability while expanding our global footprint and strengthening key partnerships,” said Sheetal Lalwani, co-founder and COO of Juspay.
For FY26, Juspay projects continued profitability while investing in AI-driven commerce capabilities, biometric authentication including passkeys, and expanding its open-source orchestration platform Hyperswitch. The company also plans to deepen its presence in Brazil’s Pix ecosystem with biometric payments.
Juspay generates roughly half its revenue from merchant payment orchestration services that route payments through multiple gateways. The other half comes from bank infrastructure services including UPI and card acquiring solutions. The company has raised approximately $147 million since inception, including a $60 million Series D round in April 2025 led by Kedaara Capital with participation from SoftBank Vision Fund and Accel Capital.
