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Total amount raised
$172M
Latest funding date
2025-10-29
Location
Jupiter has successfully raised funds through seven different funding rounds, attracting a total of 27 investors, including notable names like BEENEXT and 3one4 Capital. The platform offers a comprehensive suite of financial services through a single app, making it easier for users to manage their finances.
Keep reading to explore the intricacies of Jupiter's fundraising journey and the investors backing this innovative platform.
Jupiter has raised funding across multiple rounds, backed by prominent investors including Peak XV Partners, Tiger Global Management, QED Investors, Nubank, Matrix Partners, Global Founders Capital, Alteria Capital, BEENEXT, and 3one4 Capital.
Keep reading to explore Jupiter's full fundraising journey from its 2019 seed round through its latest 2025 round.
What Is Jupiter?
Jupiter (operated by Amica Financial Technologies Private Limited) is a digital-first neobank based in Bengaluru, India. Founded in 2019 by fintech veteran Jitendra Gupta, Jupiter offers a comprehensive suite of financial services — including savings accounts, salary accounts, credit cards, personal loans, mutual funds, DigiGold, fixed deposits, and UPI payments — through a single mobile application. The platform partners with Federal Bank and CSB Bank to deliver fully regulated banking services, and serves over 30 lakh users across India. Jupiter's mission is to improve financial well-being by giving users complete control over their money.
How Much Funding Has Jupiter Raised?
- Seed Round
- Amount Raised: USD 24,000,000
- Date: November 2019
- Lead Investors: Sequoia Capital India (Peak XV Partners), Matrix Partners, 3one4 Capital, BEENEXT
- Series A
- Amount Raised: USD 2,000,000
- Date: April 2020
- Lead Investors: Hummingbird Ventures, Bedrock Capital
- Series B
- Amount Raised: USD 45,000,000
- Date: August 2021
- Lead Investors: Nubank, Global Founders Capital, Sequoia Capital India (Peak XV Partners), Matrix Partners India
- Other Investors: Mirae Asset Venture Investments, Addition Ventures, Tanglin VC, Greyhound Capital, 3one4 Capital, BEENEXT
- Series C
- Amount Raised: USD 86,000,000
- Date: December 2021
- Lead Investors: Tiger Global Management, QED Investors, Sequoia Capital India (Peak XV Partners)
- Other Investors: MUFG Bank, 3one4 Capital, Mirae Asset Venture Investments
- Valuation: USD 711,000,000
- Debt Financing
- Amount Raised: INR 100,000,000 (~USD 12,000,000)
- Date: January 2023
- Lead Investors: Alteria Capital
- Notes: Venture debt used to expand Jupiter's NBFC arm and lending products. An initial tranche of INR 25 crore was disclosed in December 2022; full commitment of INR 100 crore was announced January 2023.
- Series Unknown (NBFC Equity Round)
- Amount Raised: USD 2,400,000
- Date: June 2024
- Lead Investors: Peak XV Partners
- Other Investors: Matrix Partners, QED Fund, Global Founders Capital, Tiger Global Management, Mirae Asset Venture Investments, BEENEXT, Greyhound Capital Partners
- Notes: Raised by Jupiter's NBFC arm, Amica Finance, in its maiden equity round.
- Series Unknown (Strategic Round)
- Amount Raised: USD 15,000,000
- Date: October 2025
- Lead Investors: Undisclosed (no single lead investor named)
- Participants: Mirae Asset Venture Investments, BEENEXT, 3one4 Capital; additional personal investment from founder and CEO Jitendra Gupta
- Valuation: USD 600,000,000 (flat)
- Notes: Round was subsequently extended by ~USD 10–11 million (announced November 2025), bringing the total size to ~USD 25 million.
Total Amount Raised: At least USD 172,400,000 based on disclosed funding (excluding the INR-denominated debt tranche variance and partial round extensions).
Key Investors
- Peak XV Partners (formerly Sequoia Capital India)
- Details: One of the most active VCs in India and Southeast Asia, Peak XV has backed Jupiter from its seed round through multiple subsequent rounds, serving as a lead investor in the NBFC equity round in June 2024.
- Tiger Global Management
- Details: A global technology-focused investment firm that co-led Jupiter's Series C round in December 2021 and has participated in additional rounds.
- QED Investors
- Details: A fintech-specialist venture firm that co-led Jupiter's Series C round and has continued to participate in subsequent financing.
- Matrix Partners India (Z47)
- Details: An early-stage technology VC that has backed Jupiter from the seed stage and co-led the Series B round.
- Nubank
- Details: Brazil's leading digital bank, Nubank co-led Jupiter's Series B round in August 2021, reflecting conviction in Jupiter's neobank model.
- Global Founders Capital
- Details: A global VC fund that co-led Jupiter's Series B and has participated in additional rounds.
- Alteria Capital
- Details: India's leading venture debt firm, Alteria Capital provided Jupiter with INR 100 crore in debt financing in January 2023 to support its lending and NBFC growth.
- BEENEXT
- Details: A Singapore-based early-stage VC active in Asia, BEENEXT has participated in Jupiter's rounds from seed through the October 2025 strategic round.
- 3one4 Capital
- Details: A prominent Indian venture firm that has invested in Jupiter from the seed stage and participated in the October 2025 round.
- Mirae Asset Venture Investments
- Details: The venture arm of South Korean financial giant Mirae Asset, it joined as a new investor in the Series B and has continued backing Jupiter through the 2025 round.
What's Next for Jupiter?
Jupiter is focused on expanding its lending suite, deepening its wealth management offerings, and leveraging AI to improve financial insights for users. With its latest funding targeting break-even and the platform's user base continuing to grow, Jupiter is positioning itself as the dominant neobank for India's digitally native generation.
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