# PhonePe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phonepe

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.phonepe.com
- Total disclosed funding: $200M
- Latest round: Series D (Apr 12, 2023)
- Investors on record: 4

## About

Founded in 2015 and based in Mumbai, India, PhonePe Private Limited, formerly known as FX Mart Private Ltd., is a developer of a mobile application that provides an online financial solution supporting mobile cash transfer and online payment systems for its users. The company was founded by its CEO Sameer Nigam, along with Burzin Engineer and Rahul Chari. In October 2025, General Atlantic acquired a stake in?PhonePe Limited?from?it's employees through ESOPs for USD 600 million.

The company develops a mobile application that supports mobile cash transfer and online payment systems for its users. It features online solutions that enable users to send and receive money, pay utility bills, credit cards, and insurance premiums. The platform also provides UPI AutoPay for varied use cases such as mutual funds SIPs, Wallet Auto top-ups, and for OTT subscription renewals. The company also launched PhonePe Pulse website that contains data, insights and trends related to digital payments via PhonePe in India. The website also shows data on peer-to-peer payments, merchant payments, recharge and bill payments, financial services and others and highlights top states, districts, and pin codes that use PhonePe the most for digital transactions. 

The company plans to acquire a stake in Indus OS, a developer of an Indian app and content discovery platform.

## Funding rounds

- Series D, Apr 12, 2023, $100M — General Atlantic
- Series D, Feb 14, 2023, $100M — TVS Capital Funds, Tiger Global Management, Ribbit Capital

## Investors

- TVS Capital Funds (https://capitalatlas.ai/funds/tvs-capital-funds) — Series D
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series D
- Ribbit Capital (https://capitalatlas.ai/funds/ribbit-capital) — Series D
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series D