PhonePe Key Metrics
Total Funding
$1.01B
in 3 rounds
Latest Funding Round
$658M
Series D, Jan 19, 2023
Post Money Valuation
$12.7B
as on Apr 12, 2023
Investors
Walmart
& 22 more
Ranked
2nd
among 254 competitors
Annual Revenue
₹3,080Cr ($384M)
as on Mar 31, 2023
Employee Count
13
as on Jun 30, 2024
Investment & Acquisitions
OSLabs
& 6 more
Exit Details
Acquired
by Flipkart (Jun 01, 2015)
PhonePe - About the company
What does PhonePe do?
Card-linked wallet solution for consumers and businesses. Offers UPI-based options for bill splitting, online shopping, paying postpaid and utility bills, mobile and DTH recharging, money transfers, online payments at retail shops, paying mobile and DTH bills, checking account balances, and more. Users can create QR codes for transactions and payments with its assistance. Additionally, it offers merchants and companies alternatives for taking online payments.
Which sectors and market segments does PhonePe operate in?
- PhonePe serves in the B2C, B2B space in the FinTech market segments.
- The primary business model of PhonePe is:FinTech > Payments > ***** **** > ***** ******
Company Details
- Website: www.phonepe.com/
- Social:
- Email ID: *****@phonepe.com
- Phone Number: +91 **********
Which legal entities is PhonePe associated with?
PhonePe
is associated with
10
legal entit
ies
given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
---|---|---|---|---|
Meteor Sports LLP | Sep 19, 2022 | - | - | 781 |
PHONEPE PRIVATE LIMITED | Dec 17, 2012 | - | - | 275 |
PHONEPE WEALTH PRIVATE LIMITED | Nov 14, 2018 | - | -$1.32M (as on Mar 31, 2022) | 610 |
PHONEPE FINANCE PRIVATE LIMITED | Aug 26, 2021 | - | - | 755 |
PHONEPE WEALTH BROKING PRIVATE LIMITED | Apr 26, 2021 | $1.36M (as on Mar 31, 2023) | -$9.89M (as on Mar 31, 2023) | 911 |
PHONEPE INSURANCE BROKING SERVICES PRIVATE LIMITED | Feb 18, 2020 | $1.08M (as on Mar 31, 2022) | -$30.8M (as on Mar 31, 2022) | 878 |
PHONEPE PAYMENT TECHNOLOGY SERVICES PRIVATE LIMITED | May 02, 2021 | - | - | 816 |
PHONEPE TECHNOLOGY SERVICES PRIVATE LIMITED | Sep 26, 2019 | - | - | 245 |
WEALTH TECHNOLOGY & SERVICES PRIVATE LIMITED | May 31, 2016 | $268K (as on Mar 31, 2021) | $38.3K (as on Mar 31, 2021) | 848 |
PHONEPE PRIVATE LIMITED | Dec 17, 2012 | $384M (as on Mar 31, 2023) | -$348M (as on Mar 31, 2023) | 993 |
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PhonePe's acquisition details
PhonePe
got acquired
by Flipkart on Jun 01, 2015
at an acquisition amount of $20M.
Click
here
to take a look at
PhonePe
's acquisition in detail
PhonePe's funding and investors
How much funding has PhonePe raised till date?
PhonePe has raised a total funding of $1.01B over 3 rounds. Its first funding round was on Aug 22, 2014.
What are the most recent funding rounds of PhonePe?
Its latest funding round was a Series D round on Jan 19, 2023 for $658M. 4 investors participated in its latest round, lead by General Atlantic.
List of recent funding rounds of PhonePe
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
---|---|---|---|---|---|
Jan 19, 2023 | $658M | Series D | $12.3B | 40.2x | General Atlantic, Ribbit Capital, Tiger Global Management, TVS Capital Funds |
Aug 21, 2021 | $350M | Series D | - | - | Walmart, Tencent, Tiger Global |
Aug 22, 2014 | $62.7K | Angel | $852K | 10.5x | Suresh Kumar, Saurabh Singla |
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Who are PhonePe's investors?
PhonePe has 10 institutional investors including Walmart, General Atlantic and Tencent. General Atlantic is the largest institutional investor in PhonePe. Saurabh Singla and 12 others are Angel Investors in PhonePe.
View details of
PhonePe funding rounds and investorsPhonePe's founders and board of directors
Founder? Claim ProfileWho are the founders of PhonePe?
The founders of
PhonePe
are
Sameer Nigam, Burzin Engineer, Rahul Chari and Amit Narang.
Rahul Chari
has founded
2
more compan
ies
-
Mime360 and Pincode.
Sameer Nigam
has founded
2
more compan
ies
-
Mime360 and Pincode.
Who is the current CEO of PhonePe?
Sameer Nigam
is
the CEO of
PhonePe
.
Who is on the board of PhonePe?
PhonePe
's board has
10
active member
s
.
Sameer Nigam and Rahul Chari
are
part of team
and Binny Bansal and Donna Morris
are
independent board member
s
.
How many employees does PhonePe have?
PhonePe has 548 employees as of Nov 23. The total employee count is 31 lower than it was for Dec 23.
View details of
PhonePe's Founder profiles and Board MembersPhonePe's Competitors and alternates
Competitive landscape of PhonePe
PhonePe
ranks 2nd
among
254 competitors
which include
Paytm, FreeCharge and MobiKwik.
8 of its competitors are funded while 13 have exited.
Overall,
PhonePe
and its competitors have raised over
$5.46B
in funding across
81
funding rounds involving
284
investors.
There is 1 private unicorn, 2 public and 11 acquired companies in the entire competition set.
Below is a comparison of top competitors of PhonePe
PhonePe | Paytm | FreeCharge | MobiKwik | |
---|---|---|---|---|
Description | Card-linked wallet solution for consumers and businesses | Wallet-enabled payment processing solution for individuals and businesses | Digital wallet for consumer payments | Provider of a platfrom for online payment and BNPL solutions |
Founded Year | 2012 | 2000 | 2010 | 2009 |
Location | Bengaluru (India) | Noida (India) | Gurugram (India) | Gurgaon (India) |
Company Stage | Acquired | Public | Acquired | Series E |
Unicorn Rating | - | - | - | Unicorn |
Total Funding | $1.01B | $3.48B | $117M | $269M |
Funding Rounds | 3 | 16 | 5 | 21 |
Latest Round | Series D, $658M, Jan 19, 2023 | Angel, $1.26M, Nov 20, 2020 | Series C, $80M, Feb 05, 2015 | Conventional Debt, $6.7M, Oct 14, 2022 |
Investor Count | 23 | 86 | 8 | 123 |
Top Investors | General Atlantic, Tencent& 21others | SVB, T. Rowe Price& 84others | Sofina, RTP Global& 6others | Cisco Investments, American Express Ventures& 121others |
Tracxn ScoreWhat is this? | 80/100 | 90/100 | 81/100 | 74/100 |
Overall Rank | 2nd | 1st | 3rd | 4th |
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Looking for more details on
PhonePe
's competitors? Click
here to see the top ones
PhonePe's Latest cap tables and shareholding
Who are the current shareholders of PhonePe?
Funds own 6.12%, Parent Entities (largest shareholder) own 71.20%, Enterprises own 6.52% and Angels own 1.02%.
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of
PhonePe's ShareholdingPhonePe's Investments and acquisitions
Filter this list
PhonePe
has not made any
investments
yet.
PhonePe
has made
7 acquisitions.
Here is the list of latest three acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
---|---|---|---|---|
Jul 29, 2022 | Acquisition | OSLabs | 2018 | New York City, United States |
May 18, 2022 | Acquisition | WealthDesk | 2016 | Mumbai, India |
May 18, 2022 | Acquisition | OpenQ | 2018 | Andheri, India |
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See all
acquisitions
by
PhonePe
Reports related to PhonePe
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all reports related to PhonePeor
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News related to PhonePe
Filter this list
Media has covered
PhonePe
for a total of 74 events in the last 1 year
,
43
of them have been
about
company updates and 18
about
partnerships.
•
PhonePe Launches Pre-Approved Term Life InsuranceFintech Finance•Aug 09, 2024•PhonePe
•
•
PhonePe Rolls Out Initiative To Drive More Accessibility In Insurance CoverInc42•Aug 08, 2024•PhonePe
•
Ageas Federal Life Insurance partners with PhonePe Tie up to increase Life Insurance Penetration in IndiaBusiness News This Week•Aug 05, 2024•PhonePe
, Ageas Federal
•
Mallika Dhawan joins PhonePe as ManagerAdgully•Jul 18, 2024•PhonePe
•
Rahul Dayama joins SwiffyLabs as Head of Brand & CommunicationsAdgully•Jul 17, 2024•SwiffyLabs,
PhonePe
•
PhonePe raises another $100 mn from General Atlantic, its co-investorsLivemint•Jul 02, 2024•PhonePe
, General Atlantic
•
Boosting business efficiency: PhonePe’s PG Solutions help SMEs/MSMEs to scalePhonePe•Jun 27, 2024•PhonePe
•
ixigo Expands Partnership With PhonePe, Adds Bus And Flight BookingsInc42•Jun 24, 2024•Ixigo,
PhonePe
•
PhonePe PG Partner Program: PhonePe Payment Gateway Launches Referral Programme for Business GrowthLatestly•Jun 19, 2024•PhonePe
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Frequently asked questions about PhonePe
When was PhonePe founded?
PhonePe was founded in 2012
Where is PhonePe located?
PhonePe
is located in
Bengaluru,
India.
Is PhonePe an acquired company?
PhonePe got acquired by Flipkart on Jun 01, 2015.
When was the latest funding round of PhonePe?
PhonePe's latest funding round was on Jan 19, 2023
What is the valuation of PhonePe?
PhonePe's valuation is $12.7B
What is the annual revenue of PhonePe?
Annual revenue of PhonePe is $384M as on Mar 31, 2023