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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.

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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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