Tech Company Financing Transactions
PhonePe Funding Round
On 2/14/2023, PhonePe raised $100 million in funding from Ribbit Capital, Tiger Global Management and TVS Capital Funds.
Transaction Overview
Company Name
Announced On
2/14/2023
Transaction Type
Venture Equity
Amount
$100,000,000
Round
Undisclosed
Proceeds Purpose
PhonePe is also slowly becoming a distribution engine, leveraging the large 300 million user base to cross-sell products such as insurance. Industry experts reckon that PhonePe's end game might be to become a bank, which they say justifies the lofty valuation. PhonePe clocked a revenue of $234.3 million in the first nine months of 2022.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Office-2 Floor 4 5 6 7 Wing A Block A Salarpuria Softzone Se
Bengaluru Karnataka, 560103
India
Bengaluru Karnataka, 560103
India
Phone
Website
Email Address
Not Recorded
Overview
PhonePe fulfills all your insurance needs with a wide variety of insurance choices that can be bought instantly & easily with no annoying calls and disturbance! Protect your life, car, two-wheeler and much more in a few simple clicks.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Technical Officer
Rahul Chari
Founder
Sameer Nigam
Browse more venture capital transactions:
Prev: 2/14/2023: Power Financial Wellness venture capital transaction
Next: 2/14/2023: AWA Studios venture capital transaction
Share this article
About Our Venture Capital Transactions Database
We do our best to report on all VC transactions involving tech companies. VC investment data records on this site are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs