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PhonePe

Fintech · Bengaluru, IN · phonepe.com

Principale app UPI indiana di pagamenti digitali, controllata da Walmart.

Funding history

DateRoundAmount
Mar 2026Incoming IPO
PhonePe is targeting a $9-10.5B valuation in its India IPO, expecting to raise around $1B; Walmart, Microsoft and Tiger Global will sell stakes.
Oct 2025Funding round
General Atlantic invested $600M in PhonePe via a secondary transaction (stake rising from 4.4% to about 9%) to facilitate the exercise of employee stock options ahead of the IPO.
$600M
May 2023Growth
General Atlantic invested another $100M in PhonePe as part of its ongoing round, which has reached $850M at a $12B valuation.
$100M
May 2023Series D Plus
Fintech decacorn PhonePe raised $850M in 2023 (latest $100M tranche from General Atlantic) as part of a $1B round.
$850M
Mar 2023Growth
PhonePe raised $200M from Walmart as part of an ongoing round, valuing the Indian payments giant at $12B pre-money.
$200M
Feb 2023Growth
Indian fintech PhonePe raised another $100M from Ribbit Capital, Tiger Global and TVS Capital at a $12B pre-money valuation.
$100M
Jan 2023Series D Plus
PhonePe, an Indian payments giant, raised USD350M from General Atlantic at a USD12B+ valuation, entering the decacorn club.
$350M
Jan 2023Growth
PhonePe raised $350M led by General Atlantic at a $12B pre-money valuation as part of an ongoing round.
$350M
Dec 2020Growth
PhonePe raised $21 Mn from parent Flipkart.
$21M

Investors

FlipkartGeneral AtlanticRibbit CapitalTVS Capital FundsTiger GlobalWalmart

Acquisitions

PhonePe has acquired GigIndia · WealthDesk.

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