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 ServicesFintech

Valuation: $12B, Oct 2024

Funding summaryUpdated 26 Oct 2026

$666Mraised across 2 rounds since 2018, from 2 sources

$66MRound$600MSecondary

Latest round: Secondary, $600MOct 2025
Step-upi: 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.

2019202020212022202320242025

$66MRound$600MSecondary

First round: Round, $66M
Biggest round: $600M
Between rounds: 7.2 years

The rounds

Oct 2025
Secondary$600M4 new
Source recorded
Aug 2018
Round$66M1 new
- Flipkart
Reported by Techcircle

Founders and team

From PhonePe's own website: 3 founders, 2 on the team.

Burzin EngineerFounder and Chief Reliability Officer

Rahul ChariFounder, Whole-time Director

Sameer NigamFounder, Whole-time Director

Chris NicholasNon-Executive Nominee Director (Additional)
Zarin DaruwalaNon-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.

Round2018Secondary2025

Tiger Global Management

Everyone who backed them

Tiger Global ManagementVC firm1round

Tengxun TouziVC firm1round

General AtlanticPrivate equity1round

Ribbit CapitalVC firm1round

FlipkartCorporate VC1round

Missing a round, or an investor who was in one? Tell us.

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.