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