About PayPhi
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PayPhi is a company based in Pune (India) founded in 2015 by Tushar Shankar, Anil Sharma, Jose Thattil, and Rajesh Londhe. PayPhi has raised $38.11 million across 8 funding rounds from investors including Digital Garage, Opus Technologies and Maharashtra State Innovation Society. The company has 140 employees as of April 05, 2024. PayPhi operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Pine Labs, among others.
- Headquarter Pune, India
- Employees 140 as on 05 Apr, 2024
- Founders Tushar Shankar, Anil Sharma, Jose Thattil, Rajesh Londhe
- Stage Minicorn
- SectorsFinancial Services
- PhoneLocked
- WebsiteLocked
- SocialLocked
- Legal Name Phi Commerce Private Limited
- Date of Incorporation 23 Mar, 2015
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue$4.23 M (USD)25.55as on Mar 31, 2023
- Net Profit-$1.13 M (USD)-58.9as on Mar 31, 2023
- EBITDA$1.73 M (USD)364.73as on Mar 31, 2023
- Total Equity Funding$38.11 M (USD)
in 8 rounds
- Latest Funding Round$5.98 M (USD), Series B
Jul 16, 2025
- InvestorsDigital Garage
& 12 more
- Employee Count140
as on Apr 05, 2024
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Funding Insights of PayPhi
PayPhi has successfully raised a total of $38.11M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $5.98 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in PayPhi
PayPhi has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Digital Garage, Opus Technologies and Maharashtra State Innovation Society.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital fund | Locked | Locked | Locked | |
Sector-agnostic investments are directed primarily toward US companies. | Locked | Locked | Locked | |
Angel network focused on the fintech sector | Locked | Locked | Locked |
Investor details for PayPhi
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Investments & Acquisitions by PayPhi
Investment portfolio details for PayPhi
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Financial Statements - PayPhi
Detailed financials for PayPhi
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Payphi Comparisons
Peer comparison for PayPhi
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Competitors of PayPhi
PayPhi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, Razorpay, Flutterwave, PayU and Pine Labs, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked | Payment processing and card issuance solutions are provided for businesses. | |
| Locked | Locked | Locked | Payment and business banking solutions are provided for enterprises. | |
| Locked | Locked | Locked | Provider of payment processing solutions for businesses | |
| Locked | Locked | Locked | Online payment processing and credit solutions are provided for businesses. | |
| Locked | Locked | Locked | Omnichannel payment solutions, loyalty programs, and business tools are provided. | |
| Locked | Locked | Locked | Autonomous finance and payment solutions are provided to businesses. |
Detailed competitors of PayPhi
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Latest news on Payphi
Complete news archive for PayPhi
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Frequently Asked Questions about PayPhi
PayPhi was founded in 2015 and raised its 1st funding round 1 year after it was founded.
PayPhi is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Jose Thattil is the current CEO of PayPhi. They have also founded this company.
PayPhi is a funded company, having raised a total of $38.11M across 8 funding rounds to date.
As of Apr 05, 2024, the latest employee count at PayPhi is 140.
Annual revenue of PayPhi is $4.23M as on Mar 31, 2023.
PayPhi was established in 2015 in Pune, India, within the fintech sector. Omnichannel payment solutions and infrastructure are supplied to merchants, enterprises, educational institutions, and financial entities. Payment processing, acquiring switch, and tokenization services are included in the offerings. Transaction routing, payment-linked campaigns, and dual-factor authentication are supported by the platform. A customizable payment stack is made available for integration with existing systems.
PayPhi has 13 investors. Key investors include Digital Garage, Opus Technologies, Maharashtra State Innovation Society, Yatra Angel Network, and Beenext.
The valuation of PayPhi is $59.26M as of Jul 2022.