Bengaluru-based fintech platform Jupiter Money has raised ₹115 crore in a new funding round from its existing investors Mirae Asset Venture Investments, BEENEXT and 3one4 Capital, with additional participation from founder-CEO Jitendra Gupta.
The infusion comes as Jupiter looks to scale its suite of consumer financial products—including savings accounts, credit cards, loans, investments and insurance—offered through a single mobile app.
The startup said the new capital will be deployed to strengthen its technology infrastructure, broaden its omni-channel presence and accelerate product roll-outs, including deeper moves into lending and insurance distribution.
Jupiter reported that it now serves more than three million customers, with nearly 60 % of them actively engaging across multiple products on the platform.
The company also said its revenue grew more than 2.2 times in the last financial year and that over a quarter of active users now use two or more of its offerings—a metric it cited as evidence of rising ‘stickiness’.
Management outlined an aggressive but measured growth plan: the company is targeting operational breakeven within 24 months while setting a goal to double its user base over the next two to two-and-a-half years.
Jupiter said it plans to leverage artificial intelligence to improve cost-efficiency and deliver more personalised financial recommendations—moves designed to lift unit economics as scale increases.
Jupiter’s funding history and investor roster have attracted attention in recent years; the startup has raised over US$160 million to date from global and domestic backers and has built partnerships with licensed banks for regulated product distribution.
Its co-branded credit-card with CSB Bank and its account aggregator capabilities were singled out by the company as high engagement products, with the card business and account-aggregator flows cited as engines for transaction volume and data-driven cross-sell.
Analysts and market observers say the fresh round—largely anchored by existing investors—signals continued faith in Jupiter’s strategy to move beyond a single product and become a broader “money app” for younger, digitally-native customers.
The participation of established financial investors such as Mirae Asset also underscores the appeal of fintech platforms that combine deposit-related products with lending and insurance distribution under one roof.
As fintechs in India face heightened scrutiny around unit economics and regulatory compliance, Jupiter’s stated focus on both revenue growth and a clear timeline to profitability will be watched closely by investors and competitors alike.
The startup said the latest cash will give it room to invest in product development and customer acquisition while working to improve margins as the business scales.
Investor enthusiasm notwithstanding, Jupiter enters a competitive market in which sustained growth and operational discipline will be critical.
With the new capital backing its next phase, the platform appears well-positioned to execute, but much will depend on how effectively it converts product adoption into profitable lifetime value.
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