Valued at $14.5B at its Secondary, Oct 2025. Nothing has traded since.
- ·Post-money valuations for 2 rounds
- ·Watch PhonePe: the Monday email on marks, rounds and moves
Valuation timeline
2 priced rounds · 32 daily marks since · Dec 2020 – Oct 2026Membership and data by Private Market View
PhonePe funding history
6 rounds| Date | Round | Raised | Post-money | $/share |
|---|---|---|---|---|
| Oct 2025 | Secondary | $600.0M | ▮ | ▮ |
| May 2023 | Growth Equity (tranche 4 of $850M round) | $100.0M | ▮ | ▮ |
| Mar 2023 | Growth Equity (tranche 3 of $850M round) | $200.0M | ▮ | ▮ |
| Feb 2023 | Growth Equity (tranche 2 of $850M round) | $100.0M | ▮ | ▮ |
| Jan 2023 | Growth Equity (tranche 1 of $850M round) | $350.0M | ▮ | ▮ |
| Dec 2020 | Growth Equity (spin-off financing) | $700.0M | ▮ | ▮ |
Membership and data by Private Market View
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.
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How PhonePe's valuation is determined
Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.
For PhonePe, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →
Frequently asked about PhonePe
- What is PhonePe worth?
- PhonePe is valued at $14.5B as of Oct 2026. Valued at $14.5B at its Secondary, Oct 2025. Nothing has traded since.
- How much has PhonePe raised?
- PhonePe has raised $2.9B in total funding across 6 recorded rounds.
- When did PhonePe last raise?
- PhonePe last raised in Oct 2025 (Secondary), raising $600.0M.