PhonePe: Company Profile & Valuation

PhonePe is an Indian digital payments and financial-services company headquartered in Bengaluru, founded in December 2015 by Sameer Nigam, Rahul Chari and Burzin Engineer. Its UPI-based app handles money transfers, bill payments and recharges for more than 700 million users and 50 million merchants, alongside insurance, mutual funds and lending products, plus PhonePe Ads for merchant advertising.

The founders had earlier built Mime360, sold to Flipkart in 2011, and PhonePe itself was acquired by Flipkart within a year of launching, before Walmart took a majority stake in Flipkart in 2018; Flipkart and PhonePe formally separated in 2022. PhonePe International now extends UPI payments to Singapore, the UAE, Nepal, Sri Lanka, Bhutan and Mauritius.

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds PhonePe.

Often trade at a premium or discount to NAV.

Platforms match existing holders with buyers. PhonePe availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Valuations, rounds and IPO status for every company in the directory — PhonePe included.

The routes section explains what is realistically available for a company at this stage.

No. PhonePe is a private company; its shares do not trade on a public exchange.

The last valuation is $14.5B.

Lead investors for each round are in the funding timeline.

The closest digital payments and financial services (fintech) peers are on the competitors page.