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PHONEPE
PhonePe
Digital payments and financial services (fintech) · Bengaluru, Karnataka · India · Founded · 2015 · ≈ · 12,558 · employees

PhonePe Funding — Last Valued at $14.5B

IPO filed

PhonePe has raised $2.1B across 3 funding rounds, plus 1 undated round. The latest round valued PhonePe at $14.5B post-money, with General Atlantic on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
PhonePe funding · at a glance
Total raised, all rounds
$2.1B
sum of disclosed sizes
Funding rounds
3
plus 1 undated round
Latest round
$14.5B
post-money · Oct 2025
Lead on that event
General Atlantic
lead investor
2025
About PhonePe

PhonePe has raised a total of $2.6 billion. In late 2025, General Atlantic invested $600 million in the company, valuing it at about $14.5 billion ahead of a planned IPO, a 16% premium on its previous funding round.

Funding timeline

The PhonePe funding timeline

3 funding rounds, the latest highlighted.

2015
PhonePe founded

PhonePe was founded in 2015, India.

UNDATED
Strategic investment by Flipkart

No date is disclosed for this round.

DEC 2020
Flipkart demerger valuation at $5.5B post-money

A primary round — the company sells new shares to investors it selects. $700M raised, led by Walmart.

Valuation basispost-moneyAmount$700MPrice / shareLeadWalmart
FEB 2023
General Atlantic-led growth round at $12.5B post-money

Existing holders. $750M raised, led by General Atlantic, Ribbit Capital, Tiger Global, TVS Capital Funds, Walmart.

Valuation basispost-moneyAmount$750MPrice / shareLeadGeneral Atlantic, Ribbit Capital, Tiger Global, TVS Capital Funds, Walmart
OCT 2025LATEST
General Atlantic growth round at $14.5B post-money

A primary round — the company sells new shares to investors it selects. $600M raised, led by General Atlantic.

Valuation basispost-moneyAmount$600MPrice / shareLeadGeneral Atlantic
IPO: FILING MADE

A filing has been made.

Funding rounds

PhonePe funding rounds in full

3 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
General Atlantic growth round LATEST
Oct 2025
$600M
$14.5Bpost-money
—
General Atlantic
—
General Atlantic-led growth round
Feb 2023
$750M
$12.5Bpost-money
—
General Atlantic, Ribbit Capital, Tiger Global, TVS Capital Funds, Walmart
existing holders
Flipkart demerger valuation
Dec 2020
$700M
$5.5Bpost-money
—
Walmart
—
Strategic investment by Flipkart
—
$28M
—
—
Flipkart
—
PhonePe · investors

Investors

FFlipkartLEADGeneral AtlanticLEADRibbit CapitalLEADTiger GlobalLEADTTVS Capital FundsLEADWWalmartLEAD

Frequently asked questions

How can I get exposure to PhonePe?›

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

Is PhonePe publicly traded?›

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

What is PhonePe's valuation?›

The last valuation is $14.5B.

Who has invested in PhonePe?›

Lead investors for each round are in the funding timeline.

Who are PhonePe's competitors?›

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

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