PhonePe Journey

PhonePe's Founder and History

PhonePe is one of these Fintech - Payments platforms which was founded on December, 2015 by a group of three peoples who are Rahul Chari, Sameer Nigam and Burzin Engineer.

These all associated with computer science or information technology and maximum participated equally for its development.

Since launching the United Payments Interface (UPI) in India lot of financial services players come to industry.

These players offers their different platforms which is totally based on (UPI).

An the transaction done by these platforms are totally based on unified payments interface, PhonePe is one of them.

PhonePe Headquarter

It is a digital payments platform with a headquarter at Bengaluru, Karnataka, India.

PhonePe's is a subsidiary company of one of the largest retail giant of United States (Walmart). Walmart is also a parent company of Flipkart.

With introducing of Unified payments interface (UPI) in India, the number of digital transactions increased rapidly and platform or digital payment systems like PhonePe's get a huge success and become popular among users in very sort of time.

It not only used by websites or application owners for receiving digital payments.

But also it used by lot of Indian users to do digital payments at retail shops or other shops.

This is the reason that become a key factor of PhonePe success with in a sort time.

PhonePe Unicorn Status

Venture Intelligence reported that PhonePe's achieved a status of unicorn after 5 years of its launching.

It become a unicorn of India in December, 2020 with the entry level valuation of 5.5 billion dollars,.

Its valuation increased up to 12 billion dollars after the last round of funding.

PhonePe Investors

 Tiger Global and Tencent are the key peoples behind the investment in PhonePe.

It expected that in near future the valuation of PhonePe's will going to increased due to the regular growth and the rapidly increasing payments in India.

Currently PhonePe operating its services as publicly listed company.

It means its shares are opened for general public, and anyone can buy and sell its shares publicly through verity of share or debentures buying or selling platforms like Angle One, Upstox, Grow and so on.