PhonePe

paymentsmobile/digital walletbill paymentsp2p payments

STATUS: Acquired/Merged
FOUNDING YEAR: 2015
LOCATION: India
Last Update: 09/11/2020

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About

Revolutionising Payments in India

MEDICI Analysis

PhonePe was acquired by Flipkart on Apr 2016. PhonePe is a UPI-based app that allows users to send and receive money, pay bills and pay retail or online merchants. Users have to link their mobile number to their accounts.

Focus

PRODUCTS & SERVICES

PhonePe payment app for money transfer, utility bills, merchant transactions, recharges, etc.

Traction

VALUATION / MARKET CAP:

$16 B in 2020

REVENUE COMMENT:

FY20 revenue of the company has increased to Rs. 3,629 crore, overall transactions have grown by over 50%.

Momentum

FUNDED

YES

TOTAL FUNDING

$93.99 M

DATE OF LAST FUNDING

Apr 2020

SEED & PRIOR FUNDING

$572.6 K

SEED CLOSED ON

Jul 2015

FUNDING SERIES

SERIES A  · $65.42 M  · Aug 2018

OTHERS  · $28 M · Apr 2020

LISTED

NO

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