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 $1.01 billion across 3 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
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Phonepe Private Limited
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$1.01 B (USD)
in 3 rounds
-
Latest Funding Round
$658.08 M (USD), Series D
Jan 19, 2023
-
Investors
Flipkart
& 9 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
App Bazaar
& 7 more
-
Acquired by
Flipkart
(Jun 01, 2015)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of PhonePe
PhonePe offers a comprehensive portfolio of products and services, including Payment Gateway, Insurance Products, and Investment Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for accepting online and offline payments securely.
Offers health and life insurance options for consumers.
Enables investment in gold, funds, and equities digitally.
Unlock access to complete
Unlock access to complete
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
Unlock access to complete
Funding Insights of PhonePe
PhonePe has successfully raised a total of $1.01B across 3 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series D — $658.1M
-
First Round
First Round
(22 Aug 2014)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series D - PhonePe | Valuation | General Atlantic | |
| Aug, 2021 | Amount | Series D - PhonePe | Valuation | Walmart | |
| Aug, 2014 | Amount | Angel Round - PhonePe | Valuation | Suresh Kumar , Saurabh Singla |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity fund focused on global markets
|
Founded Year | Domain | Location | |
|
Early-stage companies in fintech and multiple sectors are invested in.
|
Founded Year | Domain | Location | |
|
Venture and private equity investments are managed with global diversification.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Provider of open source software services
|
2018 | ||||
|
An expense management platform is provided by OpenQ for businesses.
|
2018 | ||||
|
Curated part-time workforce is provided on-demand to businesses for projects.
|
2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - PhonePe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Phonepe Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital payments, financial services, and e-commerce platforms are provided.
|
|
| domain | founded_year | HQ Location |
Operator of platform for online mobile, DTH recharge, and bill payments
|
|
| domain | founded_year | HQ Location |
Digital wallet services for bill payments and recharges are facilitated.
|
|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
|
|
| domain | founded_year | HQ Location |
Wallet-based payment solutions are provided for consumers and businesses.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Phonepe
Frequently Asked Questions about PhonePe
When was PhonePe founded?
PhonePe was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is PhonePe located?
PhonePe is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of PhonePe?
Sameer Nigam is the current CEO of PhonePe. They have also founded this company.
Is PhonePe a funded company?
PhonePe is a funded company, having raised a total of $1.01B across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $62.73K, raised on Aug 22, 2014.
What does PhonePe do?
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.
Who are the top competitors of PhonePe?
What products or services does PhonePe offer?
PhonePe offers Payment Gateway, Insurance Products, and Investment Platform.
How many acquisitions has PhonePe made?
PhonePe has made 8 acquisitions, including App Bazaar, GigIndia, and Indus OS.
Who are PhonePe's investors?
PhonePe has 10 investors. Key investors include Flipkart, Tencent, Walmart, General Atlantic, and TVS Capital Funds.
What is PhonePe's valuation?
The valuation of PhonePe is $12.6B as of Jan 2023.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.