COMPANY PROFILE

PhonePe

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A Payments App built for India, by Indians

Bengaluru, IndiaFounded 2015Fintech

Valuation $10–50B Last recorded · 2025

Revenue $100–500M Latest reported FY

Headcount 10–25k Current team size

Total funding $1–2.5B Disclosed equity funding

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About PhonePe

PhonePe is a leading digital payments platform in India, designed to facilitate seamless financial transactions for individuals and businesses. The company operates in the fintech sector, providing a wide range of services including mobile payments, insurance products, and investment solutions. PhonePe primarily serves individual consumers and merchants, helping them conduct transactions quickly and securely.

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The platform is a major player in the Unified Payments Interface (UPI) market, which allows users to transfer money directly between bank accounts using their mobile phones. This has made PhonePe one of the largest drivers of UPI transactions in India. The company has also diversified its offerings by introducing various insurance products such as travel, motor, and coronavirus insurance, as well as investment options like liquid funds and curated mutual fund categories.

PhonePe's business model revolves around creating an open transaction ecosystem that benefits all stakeholders. It generates revenue through transaction fees, commissions from insurance and investment products, and partnerships with merchants. The platform's user-friendly interface and robust security measures have made it a trusted name in digital payments, earning it numerous awards and recognitions, including the best mobile payment product and technology categories at the IAMAI India Digital Awards.

The company has also been recognized for its rapid growth and innovation, ranking among the top 10 most trusted digital brands in India and the top 10 most trafficked platforms by Comscore. PhonePe's vision is to make digital payments accessible to the next billion users in India, thereby creating a significant positive impact on the country's financial ecosystem.

Source: Dealroom company data

At a glance

Status: Acquired
Founded: 2015
Headquarters: Bengaluru, India
Employees: 19,702
Open positions: 113
Dealroom signal: 94.1/100
Industry: Fintech
Sub-industry: Payments
Sector: Fintech, Became $1B as Subsidiary, Insurtech Related, Digital Wallet, financial inclusion, Became Thoroughbred as Subsidiary
Business model: SaaS
Client focus: b2b, b2c
Investment activity: 2 companies, latest Jul 2022
Capital deployed: —
Preferred round: ACQUISITION
Links: Website LinkedIn X

Knowledge graph

News, research, reports and resources connected to this company by Dealroom

News Navi raises $100M from Prosus ahead of planned IPO at reported $2B target valuation Aug 19, 2026

Market map SuperApps

Funding history

10 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
GROWTH EQUITY VCOther financing	Oct 2025	$600M	$12B	General Atlantic	↗
GROWTH EQUITY VCOther financing	Apr 2023	$100M	$12B	General Atlantic	↗

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025
2024
2023
2022
2021		—

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Growth signals

PhonePe website traffic

Latest recorded traffic for PhonePe is 12M monthly website visits, up 9.1% over the last three months. PhonePe's team grew 12.3% over the past year.

Latest monthly visits12M 3-month web change+9.1% 1-year team growth+12.3%

Monthly website visitsMar 2017–Jul 2026

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Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom

8 distinct openings shownExplore hiring signals →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Company	Headquarters	Status	Employees	Total funding	Valuation
AAAnt Group \| AlipayDigital platform providing global inclusive financial and payment services	Hangzhou, China	Operational	10,611	$19B	$79B
GGGrab Financial GroupSubsidiary of Grab ridehailing company, focused on financial products for consumers and SMEs	Singapore, Singapore	Operational
PAPaytmIndia's leading mobile payments and financial services company	Noida, India	Acquired
DIDANA Wallet IndonesiaDelivering inclusive financial services (payment) to whole Indonesia	Jakarta, Indonesia	Operational
KPKakao PayA mobile payment and digital wallet service that allows users make mobile payments and online transactions	Seongnam-si, South Korea	Operational
SQSquareFinancial services provider and platform for small and medium-sized businesses. It is the initial product of financial services conglomerate Block, Inc	San Francisco, United States	Operational
AMAscend MoneyAn information technology company that specializes in the fields of cloud centers, fintech, and E-commerce	Bangkok, Thailand	Operational
GCGCashMicropayment service that transforms the mobile phone into a virtual wallet for secure, fast, and convenient money transfer. Subsidiary of Mynt	Taguig, Philippines	Acquired