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PhonePe
PhonePe
Indian digital payments and financial services company.
About
Founded
2015
Headquarters
Bengaluru, India
Industry
Fintech
Company Description
PhonePe has emerged as India’s largest payments app, enabling digital inclusion for consumers and merchants alike.
Quick Links
Website
Jobs
Funding
Total Raised
$2.6 billion
Valuation
$12 billion
Significant Investors
Ribbit Capital, General Atlantic, Tiger Global, TVS Capital Funds, Walmart
Company Traction
In 2017, PhonePe crossed 10 million app downloads and hit 1 million daily transactions.
In 2018, PhonePe surpassed 1 billion transactions.
In 2020, PhonePe surpassed 2 billion transactions and 250 million users.
As of May 2023, PhonePe has 460 million users and is accepted at 35 million stores in India.
As of May 2023, PhonePe has rated 4.7/5 stars from 4.4 million reviews on the Apple App Store.
Leadership Team
Sameer Nigam
: Co-Founder & CEO of PhonePe. Former SVP of Engineering at Flipkart.
Burzin Engineer
: Co-Founder & Chief Reliability Officer of PhonePe. Former VP of Engineering and Operations at M-GO.
Rahul Chari
: Co-Founder & CTO of PhonePe. Former VP of Engineering at Flipkart.
Manmeet Sandhu
: Chief People Officer at PhonePe. Former Principal HR, Prime Video at Amazon.
Shalini Chakravorty
: Chief Ethics and Compliance Officer at PhonePe. Former SVP at Walmart.
Press
TechCrunch (May 21, 2023):
PhonePe expands new funding to $850 million
TechCrunch (April 23, 2023):
Walmart-backed PhonePe set to challenge Google’s dominance with app store in India
TechCrunch (March 16, 2023):
Walmart invests $200 million in Indian mobile payments giant PhonePe
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