Sheetal Lalwani is a co-founder and Group COO of Juspay. She joined in 2014, two years after Vimal Kumar and Ramanathan RV started the company in Bengaluru.
Juspay spent years selling only to large enterprises. In February 2024 the RBI gave it a payment aggregator licence, and it launched HyperPG.
FY24 ended with a net loss of Rs 97.5 crore. In FY25 Juspay turned profitable, with a net profit of Rs 62.3 crore on operating revenue of Rs 514.3 crore.
In April 2025 it raised a $60 million Series D led by Kedaara Capital. In January 2026 WestBridge Capital added $50 million at a $1.2 billion valuation.