Monday, 06 July 2026India Venture Review · Vol. I · 2026Live · ₹4,200 Cr tracked this quarter
Fintech · Bengaluru
PhonePe
Digital payments & financial services
Stage
Growth
Total funding
$2.30B
₹19.09K Cr
Founded
2015
HQ
Bengaluru
The biography of a startup, told through capital
Funding Journey
From founding to today
10 rounds · $2.30B raised over 10.1 yrs
Founded 2015
Latest · 12 Feb 2026
First institutional cheque
$2M
Seed
Jan 2016
Start
Product-market fit
$4M
Series A
Jun 2017
$9M
Series B
Nov 2018
$19M
Series C
May 2019
$42M
Series D
Oct 2020
$92M
Series E
Apr 2021
$203M
Series F
Sept 2022
$447M
Series G
Mar 2023
Expansion funding
$983M
Series H
Aug 2024
Unicorn milestone
$500M
Growth
Feb 2026
Today
Capital growth
How PhonePe scaled, in capital raised
Cumulative · USD
Funding Intelligence
Largest round
$983M
Series H · 2024
Most active lead
Tiger Global
3 rounds led
Capital growth
$2M → $2.30B
Cumulative raised
First → latest
10.1 yrs
2016 → 2026
Avg. between rounds
14 mo
Pace of fundraising
Total rounds
10
Seed to today
Every cheque, on record
All Funding Rounds
Showing 8 of 10 roundsTotal raised · $2.30B
- 12 Feb 2026Growth$500M₹4.15K Cr
- 09 Apr 2021Series E$92M₹764 Cr
Why it matters
Startup Intelligence
- What they do
- PhonePe is a Fintech company headquartered in Bengaluru, focused on digital payments & financial services.
- Problem solved
- Tackling structural inefficiency in India's fintech value chain.
- Why investors care
- Strong Growth traction, India-first distribution, and capital efficiency.
- What to watch next
- Expansion of ARR, geographic reach beyond Bengaluru, and upcoming round signals.
In the press
News & Articles
- The Economic Times12 Jun 2026PhonePe eyes 2x ARR growth as it doubles down on fintech expansion
Founders outline the next 18-month roadmap and hiring plans across Bengaluru and beyond.
- Inc4204 May 2026Inside PhonePe's playbook: how it built a defensible moat in Indian fintech
A deep-dive into product strategy, GTM motion, and how investors evaluate the next milestone.
- YourStory21 Mar 2026PhonePe hires senior leadership ahead of the next funding round
New CXO appointments signal scale-up ambitions and operational maturity.
- Moneycontrol08 Feb 2026Analyst view: why PhonePe is one to watch in Fintech
Sector benchmarks, comparable multiples, and what could drive the next valuation step-up.