Jupiter Money raises Rs 115 crore in fresh funding from existing investors and founder

Funding

Money management app Jupiter Money has raised Rs 115 crore (around $15 million) in a fresh funding round from existing investors Mirae Asset Venture Investments, BeeNext and 3one4 Capital, along with additional capital from founder and CEO Jitendra Gupta, the fintech said in a statement on October 30.

The Bengaluru-based company said its revenue grew 2.2 times in FY25 and it plans to focus on sustainable growth and operational breakeven within the next 24 months.

The company has over 3 million customers with about 60 percent actively using the platform across various products. Around 25 percent of the active users have two or more products.

Jupiter’s Account Aggregator service has crossed the one million active user milestone while it has issued more than 1.5 lakh co-branded credit card with CSB Bank, averaging 24 transactions per card per month.

Jupiter operates an NBFC platform backed by investors including Peak XV, Z47, Tiger Global, Beenext and QED. The company said it plans to expand its lending portfolio to include personal, SME and secured loans.

The fintech had raised $86 million in a Series C round in December 2021, and the founder and CEO Jitendra Gupta said the latest round will help the company’s expansion plans.

“We are building the go-to money app for India’s millennials - transparent, inclusive, and truly helpful in everyday life. This round gives us the boost to scale responsibly while keeping our promise of making money simpler for millions of Indians,” Gupta said.

Jupiter, regulated by the RBI, Sebi and IRDAI, offers a range of financial products including credit cards, savings accounts, investments, loans and insurance through a single app. The company said it is also using artificial intelligence to improve customer experience and drive cost efficiency.