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Revolutionising Payments in India
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.
PRODUCTS & SERVICES
PhonePe payment app for money transfer, utility bills, merchant transactions, recharges, etc.
VALUATION / MARKET CAP:
$16 B in 2020
FY20 revenue of the company has increased to Rs. 3,629 crore, overall transactions have grown by over 50%.
DATE OF LAST FUNDING
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $65.42 M · Aug 2018
OTHERS · $28 M · Apr 2020
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