# PhonePe funding: rounds and investors > PhonePe has raised $666M across 2 rounds since 2018. Investors include Tiger Global Management, Tengxun Touzi and General Atlantic. Every round with its source. Source: https://millionrounds.com/company/phonepe (Millionrounds; every figure on the page links to its filing or article) India · [Funded startup](https://millionrounds.com/companies) # Who invested in *PhonePe* 2 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Financial Services Fintech Valuation: $12B, Oct 2024 Funding summary Updated 26 Oct 2026 **$666M** raised across 2 rounds since 2018, from 2 sources **$66M** Round **$600M** Secondary - **Latest round:** Secondary, $600M Oct 2025 - **Step-up i:** 9.1× - **Investors:** 5 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2019 2020 2021 2022 2023 2024 2025 **$66M** Round **$600M** Secondary - **First round:** Round, $66M - **Biggest round:** $600M - **Between rounds:** 7.2 years ## The rounds - **Oct 2025** Secondary **$600M** *4 new* [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [General Atlantic](https://millionrounds.com/fund/general-atlantic) [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) Source recorded - **Aug 2018** Round **$66M** *1 new* [Flipkart](https://millionrounds.com/fund/flipkart-ventures) Reported by Techcircle ## Founders and team From PhonePe's own website: 3 founders, 2 on the team. **Burzin Engineer** Founder and Chief Reliability Officer **Rahul Chari** Founder, Whole-time Director **Sameer Nigam** Founder, Whole-time Director - **Chris Nicholas** Non-Executive Nominee Director (Additional) - **Zarin Daruwala** Non-Executive Independent Director ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Round** 2018 **Secondary** 2025 [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) [General Atlantic](https://millionrounds.com/fund/general-atlantic) [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) [Flipkart](https://millionrounds.com/fund/flipkart-ventures) ## Everyone who backed them [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management) VC firm **1** round [Tengxun Touzi](https://millionrounds.com/fund/tengxun-touzi) VC firm **1** round [General Atlantic](https://millionrounds.com/fund/general-atlantic) Private equity **1** round [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) VC firm **1** round [Flipkart](https://millionrounds.com/fund/flipkart-ventures) Corporate VC **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=phonepe). ## Also claim to have backed them These 2 firms list PhonePe as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [VestedVC](https://millionrounds.com/fund/vestedvc) VC firm Per its own site [Financial Independence through knowledge And Action](https://millionrounds.com/fund/financial-independence-through-knowledge-and-action) Investment firm Per its own site ## Quick answers about PhonePe ### Who invested in PhonePe? PhonePe's investors include Tiger Global Management, Tengxun Touzi, General Atlantic, Ribbit Capital and Flipkart. ### How much has PhonePe raised? PhonePe has raised $666M across 2 rounds since 2018. ### When did PhonePe last raise? PhonePe's most recent round was a Secondary of $600M in Oct 2025. ### What was PhonePe's biggest round? Its most recent round, $600M in Oct 2025, is also its largest on record. ### Who backed PhonePe first? PhonePe's first round on record, in Aug 2018, was backed by Flipkart. ### What stage is PhonePe at? PhonePe's latest named round is a Secondary, in Oct 2025. ### Where is PhonePe based? PhonePe is based in India. ## Companies like PhonePe In the same sector, and raised in the last eighteen months. [**RocketPay** $1.1M · Oct 2026](https://millionrounds.com/company/rocketpay)[**NeoGrowth** $99M · Oct 2026](https://millionrounds.com/company/neogrowth)[**StockGro** $28M · Oct 2026](https://millionrounds.com/company/stockgro)[**Jeeves** $210M · Sept 2026](https://millionrounds.com/company/jeeves)[**Kissht** $97M · Sept 2026](https://millionrounds.com/company/kissht)[**Navi** $100M · Aug 2026](https://millionrounds.com/company/navi) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app