Jupiter’s Jitendra Gupta to double investment as fintech extends total round size to $25 million

Jupiter to raise $25–26 million in extended funding round; founder Jitendra Gupta to double personal investment

Fintech platform Jupiter Money is set to expand its latest funding round to about $25–26 million, people familiar with the matter told Moneycontrol. The additional infusion follows the Rs 115 crore ($15 million) tranche announced in late October that was raised from existing investors Mirae Asset Venture Investments, BeeNext, and 3one4 Capital, along with a personal investment from founder and CEO Jitendra Gupta.

As part of the extension, Gupta will contribute another $5 million in his personal capacity, taking his total investment in this round to around $10 million, the people said.

The new tranche will be funded primarily through follow-on participation from existing backers and additional founder capital, with no new institutional investors expected to join.

Jupiter did not respond to detailed queries sent by Moneycontrol.

Why is Jupiter extending its funding round?

The company is expanding its ongoing round to strengthen its balance sheet and support the next phase of growth as it targets profitability. The extension adds about $10–11 million to the original $15 million raise, taking the total to roughly $25–26 million (over Rs 220 crore).

According to one of the people cited above, the round is being extended at a flat valuation, broadly in line with the earlier tranche.

This has made it an attractive opportunity for the founder to increase his stake in the company. By investing more at the same valuation, Gupta can raise his shareholding while signalling long-term confidence in Jupiter’s business model and financial trajectory.

How is the business performing?

Jupiter has been in a steady growth phase, more than doubling its revenues in FY25, as it continues to build a multi-product financial ecosystem aimed at India’s retail consumers. The company is targeting profitability within the next 24 months, as it focuses on sustainable expansion and improved unit economics, Moneycontrol reported earlier.

The Bengaluru-based fintech currently has over three million customers, with nearly 60 percent actively engaging on the platform across products such as savings accounts, credit cards, investments, loans, and insurance. Around a quarter of active users use two or more Jupiter products, underscoring the increasing depth of engagement within its ecosystem. The company’s Account Aggregator service has also seen notable traction, with over one million active users.

What are Jupiter’s expansion plans?

The fintech operates an NBFC platform backed by investors including Peak XV Partners, Tiger Global, QED Investors, and Beenext, which supports its lending operations. The company plans to expand this lending business into a full-suite offering across personal, SME, and secured loans.

The additional capital from the extended round is expected to help Jupiter strengthen this vertical while continuing to focus on cost efficiency and product diversification. The company has said it also aims to double its user base over the next two to two-and-a-half years.

What does the extension signal?

Jupiter’s decision to extend the round—largely funded by existing investors and the founder—comes at a time when Indian fintechs are prioritising capital efficiency and sustainable growth amid a cautious funding environment.

The flat-valuation extension, coupled with increased founder investment, signals confidence in the company’s fundamentals and future profitability.

The move also provides Jupiter with additional runway to strengthen its lending book, enhance customer engagement, and scale responsibly without immediately entering a new valuation cycle.

With revenues rising, user engagement deepening, and founder commitment increasing, Jupiter appears to be positioning itself for a more measured, profitability-focused phase—marking a shift from high-growth expansion to sustainable scale.