Juspay set to become first unicorn of 2025

Fintech infrastructure firm Juspay is on track to become the first unicorn of 2025, targeting a valuation of over $1 billion in its latest funding round. The round, nearing closure, is led by Kedaara Capital with participation from WestBridge and SoftBank, sources said. If successful, the company’s valuation will represent a near 100% premium from its previous $478 million valuation in December 2021, when it raised $60 million in Series C funding.