PhonePe is a digital payments platform through which users can send and receive money, recharge mobile, DTH, data cards, pay at stores, make utility payments, buy gold and make investments.
Basic Information
PhonePe is a digital payments platform through which users can send and receive money, recharge mobile, DTH, data cards, pay at stores, make utility payments, buy gold and make investments. PhonePe forayed into financial services in 2017 with the launch of gold providing users with a safe and convenient option to buy 24-karat gold securely on its platform. PhonePe then offered several mutual funds and insurance products like tax-saving funds, liquid funds, international travel insurance and Corona Care, a dedicated insurance product for the COVID-19 pandemic among others. PhonePe also launched its switch platform in 2018 and customers can place orders on over 300 apps including Ola, Swiggy, Myntra, IRCTC, Goibibo and RedBus directly from within the PhonePe mobile app.
Funding
Total Funding
$2.5B
Investors
:
1.
General Atlantic
2.
Flipkart
3.
Walmart
Round 1
Round 2
Round 3
Round 4
$100M
Series Name
:
OTHER
Date
:
15th Feb 2023
Investors
:
1.
TVS Capital Funds
2.
Ribbit Capital
3.
Tiger Global Management
Financial Services
FinTech
Financial Services
FinTech
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Features
Financial Services
FinTech