PhonePe

About

PhonePe is a mobile payment application that enables users to transfer money instantly.

Andheri,Maharashtra,India
5001 - 10000
https://www.phonepe.com

Highlights

Details

Last Funding Type: Corporate Round
Last Funding Money Raised: ₹6.97B
Industries: FinTech,Mobile Apps,Payments
Founded date: Dec 1, 2015
Number Of Employee: 5001 - 10000
Operating Status: Active
Legal Name: PhonePe Private Limited
Also Known As: PhonePe Pvt Ltd.

PhonePe is a mobile payments app that allows users to transfer money instantly to anyone, by using just their mobile number.

The company aims to make digital payments so easy, safe, and universally accepted that people never feel the need to carry cash or cards again. Its online payment system is based on Unified Payments Interface (UPI) and a digital wallet. PhonePe strives to make commerce a seamless experience for both customers and businesses.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

14

₹41.50B $1.48B

PhonePe has raised a total of ₹41.50B $1.48B in funding over 2 rounds. Their latest funding was raised on Jan 19, 2023 from a Series Unknown round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jan 19, 2023	Series Unknown	$350M	1	General Atlantic	—	Detail
Aug 18, 2021	Corporate Round	$350M	3	Walmart	—	Detail
Dec 14, 2020	Corporate Round	₹1.50B	1	Flipkart	—	Detail
Dec 3, 2020	Corporate Round	$700M	1	Walmart	—	Detail
Apr 27, 2020	Corporate Round	$28M	1	Flipkart	—	Detail

Investments

Number of Investments

Number of Lead Investments

3

0

PhonePe has made 3 investments. Their most recent investment was on Mar 28, 2022, when INDmoney raised $11M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Mar 28, 2022 INDmoney	Series D	$11M	Financial Services	—
Jan 19, 2022 Hair Originals	Pre-seed	₹6M		—
Aug 4, 2020 inFeedo	Seed	$700K	Artificial Intelligence	—

Investors

Number of Lead Investors

Number of Investors

14

5

PhonePe is funded by 5 investors. General Atlantic and Walmart are the most recent investors.

Investor Name	Lead Investor	Funding Round
General Atlantic	Yes	Series Unknown
Walmart	Yes	Corporate Round
Flipkart	Yes	Corporate Round
Tencent	—	Corporate Round
Tiger Global Management	—	Corporate Round

Employee Profiles

Number of Employee Profiles

29

PhonePe has 29 current employee profiles, including Executive Vijay Ajmera

Executive

Employee

Employee

Employee

Executive

Acquisition

PhonePe has acquired 6 organizations. Their most recent acquisition was Zopper on Jul 16, 2018. They acquired Zopper for 0.

Date Company Name	Industry	Acquisition Type	Price
Jul 16, 2018 Zopper	Developer APIs	acquisition	—	Detail
May 19, 2021 Indus App Bazaar	Information Services	acquisition	$ 60M	Detail
Mar 22, 2022 GigIndia	Crowdsourcing	acquisition	—	Detail
May 17, 2022 WealthDesk	Financial Services	acquisition	$ 50M	Detail
May 18, 2022 OpenQ	Analytics	acquisition	$ 25M	Detail