About PhonePe
PhonePe is a company based in Bengaluru (India) founded in 2012 by Rahul Chari, Sameer Nigam, and Burzin Engineer was acquired by Flipkart in June 2015. PhonePe has raised $1.71 billion across 4 funding rounds from investors including Flipkart, Tencent and Walmart. PhonePe has completed 8 acquisitions, including App Bazaar, GigIndia and Indus OS. PhonePe offers products and services including Payment Gateway, Insurance Products, and Investment Platform. PhonePe operates in a competitive market with competitors including Paytm, MobiKwik, FreeCharge, MoneyGram and One97 Communications, among others.
- Headquarter Bengaluru, India
- Founders Rahul Chari, Sameer Nigam, Burzin Engineer
- Stage Decacorn
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Phonepe Private Limited
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1.71 B (USD)
in 4 rounds
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Latest Funding Round
$658.08 M (USD), Series D
Jan 19, 2023
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Investors
Flipkart
& 9 more
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Employee Count
Not available
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Investments & Acquisitions
App Bazaar
& 7 more
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Acquired by
Flipkart
(Jun 01, 2015)
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Products & Services of PhonePe
PhonePe offers a comprehensive portfolio of products and services, including Payment Gateway, Insurance Products, and Investment Platform.
Service for accepting online and offline payments securely.
Offers health and life insurance options for consumers.
Enables investment in gold, funds, and equities digitally.
People of PhonePe
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Software Development Team
144 people
Product Management Team
18 people
Leadership Team
15 people
Data Analysis and Operations Team
13 people
Legal and Compliance
11 people
SDET Team
10 people
Ios Team
7 people
Senior Team
7 people
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Funding Insights of PhonePe
PhonePe has successfully raised a total of $1.71B across 4 strategic funding rounds. The most recent funding activity was a Series D round of $658.08 million completed in January 2023. 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 PhonePe
PhonePe has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Flipkart, Tencent and Walmart.
| Investor | Description | Founded Year | Domain | Location |
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Private equity fund focused on global markets
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Early-stage companies in fintech and multiple sectors are invested in.
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Venture and private equity investments are managed with global diversification.
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Locked | Locked | Locked |
Investor details for PhonePe
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by PhonePe
PhonePe has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include App Bazaar, GigIndia and Indus OS.
Investment portfolio details for PhonePe
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of open source software services
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Locked | Locked | 2018 | Locked | |
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An expense management platform is provided by OpenQ for businesses.
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Locked | Locked | 2018 | Locked | |
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Curated part-time workforce is provided on-demand to businesses for projects.
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Locked | Locked | 2017 | Locked |
Complete acquisition details for PhonePe
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - PhonePe
Detailed financials for PhonePe
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Phonepe Comparisons
Peer comparison for PhonePe
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of PhonePe
PhonePe 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 Paytm, MobiKwik, FreeCharge, MoneyGram and One97 Communications, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Digital payments, financial services, and e-commerce platforms are provided.
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Operator of platform for online mobile, DTH recharge, and bill payments
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Digital wallet services for bill payments and recharges are facilitated.
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Cross-border payments are enabled via wallet solutions for consumers.
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| Locked | Locked | Locked |
Wallet-based payment solutions are provided for consumers and businesses.
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Detailed competitors of PhonePe
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Phonepe
Complete news archive for PhonePe
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about PhonePe
PhonePe was founded in 2012 and raised its 1st funding round 2 years after it was founded.
PhonePe is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sameer Nigam is the current CEO of PhonePe. They have also founded this company.
PhonePe is a funded company, having raised a total of $1.71B across 4 funding rounds to date.
Founded in 2012 and based in Bengaluru, India, PhonePe operates within the fintech sector. Online and offline payment solutions are facilitated for businesses and consumers through gateways and links. Merchant lending options are extended alongside consumer lending. Insurance products, investment avenues, and digital gold services are made available to users across the region.
PhonePe offers Payment Gateway, Insurance Products, and Investment Platform.
PhonePe has made 8 acquisitions, including App Bazaar, GigIndia, and Indus OS.
PhonePe has 10 investors. Key investors include Flipkart, Tencent, Walmart, General Atlantic, and TVS Capital Funds.
The valuation of PhonePe is $12.6B as of Jan 2023.