PhonePe IPO

PhonePe

PhonePe IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
To be announced------
Issue Size
0

About PhonePe

PhonePe is a leading Indian digital payments platform founded in 2015. It enables users to make a wide range of financial transactions, including peer-to-peer (P2P) payments, bill payments, online shopping, and more. Over time, the platform has expanded into several financial services, including insurance, wealth management, and lending. Headquarters: Bangalore, India Founded: 2015 Founders: Sameer Nigam, Rahul Chari, and Burzin Engineer Ownership: Initially backed by Flipkart, now Walmart owns a significant stake. Platform Reach: PhonePe boasts over 590 million registered users and facilitates over 310 million daily transactions through UPI (Unified Payments Interface). PhonePe has become one of the top players in the fintech space in India, along with rivals like Google Pay and Amazon Pay.;
Founded in
2015
Managing director
Sameer Nigam
Parent organisation
PhonePe

Strengths & Financials of PhonePe

Strengths
Risks
Market Leadership in Digital Payments: PhonePe has a significant market share of about 48.4% of India’s UPI transaction volume, which translates to over 310 million transactions daily. This leadership position gives PhonePe strong brand recognition and user trust.
Massive User Base and Merchant Network: With over 590 million registered users and 40 million merchants on its platform, PhonePe has a deep penetration across urban and rural India, making it a major player in digital payments.
Diverse Service Portfolio: Beyond payments, PhonePe has ventured into insurance, wealth management, lending, and e-commerce, allowing it to tap into multiple revenue streams. The app provides features like mutual funds, gold buying, and insurance, adding more services to retain users within its ecosystem.

PhonePe Financials

*All values are in Rs. Cr
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