Founded
2015
Team Size
3500
Total Funding
₹2,700 Cr
Valuation
₹99.6K Cr
PhonePe is India's leading digital payments platform with over 450 million registered users. The company offers UPI payments, mobile recharges, bill payments, and financial services.
Core Differentiator
Dominant UPI platform with unmatched transaction volume, comprehensive financial services ecosystem, and deep merchant-consumer network built on India Stack.
Target Market
Mass market digital payments users across Bharat and metro India, with expanding financial services penetration
Key Innovation
Gamified user engagement, contextual commerce integration, and multi-layered financial services platform leveraging UPI rails
450M+ registered users with massive merchant network creates powerful two-sided marketplace that compounds with scale
Top-of-mind brand awareness for digital payments in India with extensive marketing and IPL associations
Users locked into ecosystem through saved payment methods, transaction history, and integrated financial products
Vast transaction data enables personalized recommendations, fraud detection, and credit underwriting capabilities
Scale economics in payment processing and infrastructure costs spread across massive transaction volumes
₹970 Cr
Total Raised
3
Rounds
PE
Latest · Feb 28 2026
Backed by
Unlock the full funding history below — every round's amount, valuation & investors.
Series A
2016-08-15
₹120 Cr
Investors
Series B
2020-03-20
₹850 Cr
Investors
PE
Feb 28 2026
N/A
DPIIT inks MoU with PhonePe, Shell India to support startups
UPI In July: Navi Gains Market Share As PhonePe, Google Pay Slip Marginally
PhonePe nears 11 Bn monthly UPI transactions in July; CRED slips to 10th rank
PhonePe, Razorpay chiefs say UPI will stay free for users, back sustainable model
Payments Council Rules Out Consumer MDR; PhonePe & Razorpay Back Free UPI
IPO-Bound PhonePe Bets On Transaction Data Monetisation With PulsePro
Annual Revenue
₹1,500 Cr
Growth Rate
85.5%
Funding Rounds
3