Company profile

PhonePe

PhonePe, founded in 2015 and headquartered in Bengaluru, has raised over $3 billion in funding from investors including General Atlantic, Walmart, Tiger Global, and Ribbit Capital. A significant $350 million growth round led by General Atlantic in early 2023 valued the company at around $12 billion, followed by additional capital injections and a large investment in 2025 that lifted its valuation toward $15 billion. The platform enables UPI payments, financial services, and commerce features across India for consumers and merchants, and is advancing toward a major IPO while expanding its fintech ecosystem.

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Quick facts

Total funding: $3 billion
Valuation: $15 billion
Founded: 2015
Headquarters: Bengaluru

Notable investors

General Atlantic
Walmart
Tiger Global
Ribbit Capital

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