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PhonePe logo — company profile

PhonePe

Founded 2015 India India 14628 employees Private Equity Total: $48.89B Fintech, Mobile +1

General Information

Company Name PhonePe
Founded Year 2015
Location India India
Employees 14628
Industries Fintech, Mobile, Payments
Funding Stage Private Equity
Social

BounceWatch is an independent company data service, not affiliated with PhonePe. To contact PhonePe, visit phonepe.com.

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About PhonePe

PhonePe Group, founded in 2015, is a prominent Indian fintech leader and has been recognized as the country's #1 Trusted Digital Payments Brand for three years. Their flagship product, the PhonePe app, launched in August 2016, has built a comprehensive user base with over 57 crore registered users and a merchant network exceeding 4 crore across India.

The company has strategically diversified its offerings beyond digital payments to include financial services such as insurance, lending, and wealth management, alongside consumer tech ventures like Pincode, Indus App Store, and Share.Market.

Headquartered in India, PhonePe Group continues to align its portfolio with its mission of empowering every Indian by providing secure and accessible financial services. The company recently secured a $100.00M Private Equity Round investment on May 22, 2023, led by General Atlantic, reflecting strong investor confidence in its growth trajectory.

Business keywords: Digital Payments, Mobile Payments, P2P Payments, Digital Inclusion, Merchant Services, Bharat Bill Pay System (BBPS), Trustworthy Brand, Unified Payments Interface (UPI), Online Payments, Wallet Services

Funding Rounds & Investors (15)

View All
Funding Stage Amount Investors Lead Investors Date
Private Equity Round $100.00M 1
General Atlantic
General Atlantic
22 May 2023
Private Equity Round $100.00M 1
General Atlantic
General Atlantic
12 Apr 2023
Corporate Round INR16.50B 1
Walmart
Walmart
17 Mar 2023
Private Equity Round $100.00M 3
General Atlantic Ribbit Capital TVS Capital Funds
General Atlantic, Ribbit Capital +1
14 Feb 2023
Private Equity Round $350.00M 1
General Atlantic
General Atlantic
19 Jan 2023
Corporate Round $350.00M 2
Walmart
Walmart, Tencent
18 Aug 2021
Corporate Round INR1.50B 1
Flipkart
Flipkart
14 Dec 2020
Corporate Round $700.00M 1
Walmart
Walmart
03 Dec 2020
Corporate Round $59.60M 1
Flipkart
Flipkart
26 Feb 2020
Corporate Round INR5.86B 1
Flipkart
Flipkart
10 Dec 2019

View All 15 Funding Rounds

Latest News

View All
PayU-Billdesk deal gets CCI nod; A dull festive season for e-commerce? — Moneycontrol.com
PayU-Billdesk deal gets CCI nod; A dull festive season for e-commerce?
Moneycontrol.com Sep 05, 2022
This group payments startup founded by IIT-Bombay alumni makes it easy to goDutch — Yourstory.com
This group payments startup founded by IIT-Bombay alumni makes it easy to goDutch
Yourstory.com Jul 14, 2020

PhonePe Alternatives & Competitors

View All Alternatives
PhonePe vs
CheqUPI (YC S23)
CheqUPI (YC S23) India

Digital Payments Wallet for foreign nationals, NRIs, OCIs in India powered by Transcorp.

Pre-Seed
11 employees
Finance, Fintech
PhonePe vs
MobileCoin
MobileCoin

Experience seamless, secure, and private mobile payments with a user-friendly touch seamlessly integ...

Series B
11-50 employees
Crypto, Fintech
PhonePe vs
EVO Payments, Inc.
EVO Payments, Inc. United States

EVO Payments, Inc. is a leading payment technology and services provider. EVO offers an array of inn...

Post-IPO Equity
535 employees
Finance, Financial Services
View all alternatives

FAQ About PhonePe

PhonePe Group is India’s leading fintech company, proudly recognized as India’s #1 Trusted Digital Payments* Brand for three consecutive years. Our flagship product, the PhonePe app was launched in August 2016, has rapidly become the preferred consumer payments app in India. In just eight years, Pho...
PhonePe was founded in 2015.
PhonePe is headquartered in India.
PhonePe operates in Fintech, Mobile and Payments. Its work centres on Digital Payments, Mobile Payments, P2P Payments and Digital Inclusion.
PhonePe has approximately 14628 employees.
PhonePe has completed 15 funding rounds, raising a total of $48.89B. The latest funding stage is Private Equity.
Top alternatives and competitors to PhonePe include CheqUPI (YC S23), MobileCoin, EVO Payments, Inc., cwallet, FastPay. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
PhonePe and CheqUPI (YC S23) are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for PhonePe, https://bouncewatch.com/company/phonepe, updated 5 November 2025. When citing, please name BounceWatch and link this page.

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