India FIntech PhonePe to File for India IPO to Raise $1.5 Billion at $15 Billion Valuation, Founded in 2015 by Sameer Nigam, Rahul Chari & Burzin Engineer, Investors Include Walmart, General Atlantic, Ribbit Capital, Tiger Global, TVS Capital Funds & Taencent
23rd June | Hong Kong
India fintech PhonePe has been reported to be planning to file for India IPO to raise $1.5 billion at $15 billion valuation. PhonePe was founded in 2015 by Sameer Nigam, Rahul Chari & Burzin Engineer. PhonePe investors include Walmart, General Atlantic, Ribbit Capital, Tiger Global, TVS Capital Funds & Tencent. PhonePe – PhonePe Limited (Formerly PhonePe Private Limited) is one of India’s leading fintech companies. Headquartered in India, its flagship product, the PhonePe digital payments app, was launched in Aug 2016. As of April 2025, PhonePe has over 60 Crore (600 Million) registered users and a digital payments acceptance network spread across over 4 Crore (40+ million) merchants. PhonePe also processes over 33 Crore (330+ Million) transactions daily with an Annualized Total Payment Value (TPV) of over INR 150 lakh crore. PhonePe’s portfolio of businesses includes the distribution of financial products (Insurance, Lending, and Wealth) as well as new consumer tech businesses (Pincode – hyperlocal e-commerce and Indus AppStore – Localized App Store for the Android ecosystem) in India, which are aligned with the company’s vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.
“ India FIntech PhonePe to File for India IPO to Raise $1.5 Billion at $15 Billion Valuation, Founded in 2015 by Sameer Nigam, Rahul Chari & Burzin Engineer, Investors Include Walmart, General Atlantic, Ribbit Capital, Tiger Global, TVS Capital Funds & Tencent “
India FIntech PhonePe to File for India IPO to Raise $1.5 Billion at $15 Billion Valuation, Founded in 2015 by Sameer Nigam, Rahul Chari & Burzin Engineer, Investors Include Walmart, General Atlantic, Ribbit Capital, Tiger Global, TVS Capital Funds & Tencent

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