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PhonePe

Fintech · Bangalore, Karnataka · Founded 2012 · Privately Held (backing)

Developer of a mobile payment application intended to facilitate digital payments among individuals and businesses. PhonePe is based in Bangalore, Karnataka and was founded in 2012. It was valued at $14.5 billion at its Secondary in Oct 2025, the last priced event on record. It has raised $2.9 billion across 6 recorded rounds; the latest was a $600 million secondary round in Oct 2025.

PMV mark · valuation
$14.5B
Oct 2026
Priced at
its Secondary
Oct 2025
Total raised
$2.9B
Last round
Secondary
Oct 2025

PhonePe key facts

as of Oct 2026
  • Developer of a mobile payment application intended to facilitate digital payments among individuals and businesses.
  • PhonePe is valued at approximately $14.5B as of Oct 2026, set at its Secondary, Oct 2025; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $2.9B across 6 recorded rounds; the latest was Secondary ($600.0M) in Oct 2025.
  • Notable investors include Tiger Global Management, General Atlantic, Ribbit Capital, Microsoft, Qatar Investment Authority — 9 tracked in total.
  • Status: Privately Held (backing).
PrivateMarketView mark
MEDIUM confidence
$14.5B

Valued at $14.5B at its Secondary, Oct 2025. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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PhonePe funding rounds

6 rounds
Oct 2025Secondary$600.0M▮
May 2023Growth Equity (tranche 4 of $850M round)$100.0M▮
Mar 2023Growth Equity (tranche 3 of $850M round)$200.0M▮
Feb 2023Growth Equity (tranche 2 of $850M round)$100.0M▮
Jan 2023Growth Equity (tranche 1 of $850M round)$350.0M▮
Full funding history →

PhonePe leadership

PhonePe valuation

PhonePe was valued at $14.5 billion at its Secondary in Oct 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has PhonePe raised?

PhonePe has raised $2.9 billion across 6 recorded rounds since 2020. The largest was a $700 million growth equity (spin-off financing) round in Dec 2020; the most recent was a $600 million secondary round in Oct 2025. 2 of the rounds disclosed a post-money valuation.

PhonePe investors

9 investors are on record for PhonePe, including Tiger Global Management, General Atlantic, Ribbit Capital and Microsoft.

Who runs PhonePe

8 people are listed on the PhonePe team: 4 executives and 4 board members, including Burzin Engineer (Founder) and Rahul Chari (Founder). 1 of them have a verified direct contact on file.

Comparable companies

Comparable fintech names by valuation on PrivateMarketView: Acorns ($1.9 billion), Nium ($1.3 billion) and FOMO ($550 million).

About PhonePe

Developer of a mobile payment application intended to facilitate digital payments among individuals and businesses. The company's application specializes in an online payment system to send money, recharge, and pay bills via a Unified Payments Interface and a digital wallet and also offers a range of financial services, including insurance, investments, and lending, enabling users to make easy transactions with anyone using a mobile number or QR code.

Industry
Fintech
Sector
Information Technology
HQ
Bangalore, Karnataka, India
Founded
2012
Employees
12,338
Ownership
Privately Held (backing)

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