PhonePe Group is India’s leading fintech company, recognized as India’s #1 Trusted Digital Payments Brand for three consecutive years. Their flagship product, the PhonePe app, launched in August 2016, has gained over 57 crore+ registered users in just eight years, establishing a digital payments acceptance network of over 4 crore+ merchants across Tier 2, 3 cities, covering 99% of the postal codes in the country.
Expanding into financial services, including insurance, lending, and wealth management, PhonePe Group also ventured into consumer tech with platforms such as Pincode, a hyperlocal ecommerce platform, Indus App Store - India’s first localized app store, and Share.Market - a wealth and investment platform catering to investors' and traders' needs.
Headquartered in India, PhonePe Group is committed to empowering every Indian by unlocking the flow of money and providing equal access to easy & secure payments and financial services. In their latest funding round, General Atlantic made a $100.00M Private Equity investment on 22 May 2023.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Private Equity Round | $100.00M | 1 |
|
22 May 2023 |
| Private Equity Round | $100.00M | 1 |
|
12 Apr 2023 |
| Corporate Round | INR16.50B | 1 |
|
17 Mar 2023 |
| Private Equity Round | $100.00M | 4 |
|
14 Feb 2023 |
| Private Equity Round | $350.00M | 1 |
|
19 Jan 2023 |
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