P
PhonePe
Fintech · Bengaluru, India · Founded 2015
A Payments App built for India, by Indians MoreLess
PhonePe is a leading digital payments platform in India, designed to facilitate seamless financial transactions for individuals and businesses. The company operates in the fintech sector, providing a wide range of services including mobile payments, insurance products, and investment solutions. PhonePe primarily serves individual consumers and merchants, helping them conduct transactions quickly and securely.
The platform is a major player in the Unified Payments Interface (UPI) market, which allows users to transfer money directly between bank accounts using their mobile phones. This has made PhonePe one of the largest drivers of UPI transactions in India. The company has also diversified its offerings by introducing various insurance products such as travel, motor, and coronavirus insurance, as well as investment options like liquid funds and curated mutual fund categories.
PhonePe's business model revolves around creating an open transaction ecosystem that benefits all stakeholders. It generates revenue through transaction fees, commissions from insurance and investment products, and partnerships with merchants. The platform's user-friendly interface and robust security measures have made it a trusted name in digital payments, earning it numerous awards and recognitions, including the best mobile payment product and technology categories at the IAMAI India Digital Awards.
The company has also been recognized for its rapid growth and innovation, ranking among the top 10 most trusted digital brands in India and the top 10 most trafficked platforms by Comscore. PhonePe's vision is to make digital payments accessible to the next billion users in India, thereby creating a significant positive impact on the country's financial ecosystem.
Keywords: Digital Payments, UPI Transactions, Insurance Products, Investment Solutions, Fintech, Mobile Payments, India, Financial Ecosystem, Trusted Brand, Innovation.
Company overview
PhonePe company information
The essential company record, classifications and operating signals in one place.
- Status
- Acquired
- Founded
- 2015
- Headquarters
- Bengaluru, India
- Employees
- 19,702
- Open positions
- 113
- Dealroom signal
- 94.1
- Investment activity
- 2 companies · latest Jul 2022
- Capital deployed
- —
- Preferred round
- ACQUISITION
Valuation & funding
PhonePe funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| GROWTH EQUITY VCOther financing | Oct 2025 | $600M | $12B | General Atlantic | ↗ |
| GROWTH EQUITY VCOther financing | Apr 2023 | $100M | $12B | General Atlantic | ↗ |
| GROWTH EQUITY VCOther financing | Mar 2023 | $200M | $12B | Walmart | ↗ |
| GROWTH EQUITY VCOther financing | Feb 2023 | $100M | $12B | Tiger Global · Ribbit Capital · TVS Capital Funds | ↗ |
| GROWTH EQUITY VCOther financing | Jan 2023 | $350M | $12B | General Atlantic | ↗ |
| CORPORATE SPINOUTOther financing | Dec 2022 | Flipkart | ↗ | ||
| LATE VCOther financing | Nov 2022 | Undisclosed | ↗ | ||
| LATE VCOther financing | Aug 2021 | Walmart · Tiger Global · Tencent | — | ||
| LATE VCOther financing | Dec 2020 | Flipkart · Walmart | — | ||
| LATE VCOther financing | Dec 2020 | Flipkart · Walmart | — |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $344M | 0% | 19,702 |
| 2025 | $344M | 0% | 17,547 |
| 2024 | $344M | 0% | 15,256 |
| 2023 | $344M | 0% | 11,881 |
| 2022 | $344M | +108.7% | — |
| 2021 | $165M | — | — |
Growth signals
PhonePe website traffic
Latest recorded traffic for PhonePe is 12M monthly website visits, up 9.1% over the last three months. PhonePe's team grew 12.3% over the past year.
Hiring
Open positions at PhonePe
Current openings linked to this company in Dealroom.
Comparisons
PhonePe compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Capital deployed
PhonePe investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Indus OSSangrur, IndiaA homebred system apps company, building India’s only content and commerce platform for users to discover and consume digital content & amp
$67Mvaluation
GigIndiaBaner, IndiaIndia's Largest Student Workforce which outsources small micro jobs or tasks (Gigs) from companies to college students on it's platform
$4.1Mvaluation
Talent graph
PhonePe's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where PhonePe has talent and traffic
team presence
In the news
Latest news about PhonePe
Recent press, funding announcements, and product moves mentioning PhonePe — open to read from the original sources.
Market sentiment
What the market is saying about PhonePe
An AI-synthesized read of the highest-engagement posts about PhonePe on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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