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- PhonePe Group is an India headquartered technology company with a portfolio of businesses 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.
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Who owns PhonePe?
What is PhonePe & how does it work?
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Who is the founder of PhonePe?
PhonePe Group is India’s leading fintech company. Its flagship product, the PhonePe digital payments app, was launched in Aug 2016. Within a short period of time, the company has scaled rapidly to become India’s leading consumer payments app.
PhonePe operates a mobile payment application allowing users to transfer money. It offers insurance buying, mobile recharges, bill payments, bank transfers, and more. It was formerly known as FX Mart. The company was founded in 2015 and is based in Bangalore, India.
- Sameer Nigam - Personal Life
- Sameer Nigam - Education
- Sameer Nigam - Professional Life
- Sameer Nigam - Founder of Mime360
- Sameer Nigam - Founder of PhonePe
- Sameer Nigam - Honors & Awards
- FAQs
Sameer Nigam currently resides in Bangalore, Karnataka. He made his way from Noida to Mumbaiand then finally to Bangalore where his company PhonePe is headquartered. His venture got a tremendous boost from the demonetization policy, which was announced by the Indian government in the same launching year of PhonePe.
Sameer completed his formal education at DPS Noida. He received his Computer Engineering degree from the University of Mumbai. He further went to the University of Arizona for a Master of Science in Computer engineering (1991-2001). Later, he studied Master of Business Administration in Entrepreneurship from The Wharton School,University of Pennsyl...
Sameer served as the Director of Search Product Development at Shopzilla from May 2001 to June 2007. He then launched his venture, Mime360in 2009 which is an online social media distribution channel. The company was later acquired by Flipkart. He served at Flipkart from October 2011 to August 2015. While working for the e-commerce giant, he worked ...
In 2009, Sameer launched his first venture Mime360 (Mallers Incorporation),an online media distribution channel headquartered in Mumbai, India. The company offers exchange platform connecting content owners with content publishers including saregama, Indiatimes, and others. Mime's security is aided by API Feeds that helps to prevent piracy and allo...
Sameer launched his Unified Payments Interface (UPI) based startup, PhonePe in December 2015. He is the Founder and CEO of Bangalore headquarteredPhonePe. He is a member of the Board of Directors at the company and advises on Marketing and several other strategies. Sameer along with two of his friends, Rahul Chari and Burzin Engineer brought the id...
The Wharton Business School, University of Pennsylvania conferred him with theWharton Venture Award in 2008. He has participated in two events. He attended16th NASSCOM Product Conclave 2019 on 5 November 2019, held at Bangalore, Karnataka, India, Asia. He attended Money 20/20 Asia 2019 as a Speaker on 19 March, 2019 held at Central Region, Singapor...
What is net worth of Sameer Nigam?
Sameer Nigam has net worth of INR. 17.7 crore (as of 2017).
What is revenue of PhonePe?
PhonePe has a revenue of 690 crores INR (2020 - 2021).
What is Sameer Nigam's education?
Sameer Nigam has completed Computer Engineering degree from the University of Mumbai, MS from University of Arizona and MBA in Entrepreneurship from The Wharton School, University of Pennsylvania.
- 44 (2022)
- Indian
- 1978
Sep 10, 2023 · PhonePe is a digital payment and wallet-based app that operates within the Unified Payments Interface (UPI) ecosystem. To use PhonePe, users need to download the app, link their phone numbers, and verify their bank accounts.
- What is PhonePe?PhonePe is a popular digital payments platform in India, known for its seamless and secure transactions using UPI technology. It allows users to ma...
- Who is the founder of PhonePe?Sameer Nigam, Rahul Chari, and Burzin Engineer are the founders of PhonePe.
- Who is Burzin Engineer from PhonePe?Burzin Engineer is the Founder and CRO (Chief Reliability Officer) at PhonePe. He was previously Director of Engineering at Flipkart.
- What is PhonePe Switch?PhonePe Switch is a feature within the PhonePe app that allows users to conveniently access a variety of apps and services, such as food delivery,...
- What is the PhonePe Merchant Lending Platform?PhonePe's Merchant Lending Platform offers digital credit solutions to SMEs through the PhonePe for Business app in partnership with NBFCs, facilit...
- What is PhonePe's valuation?PhonePe's valuation has reached $12 billion as of June 2023, reflecting its significant growth and successful fundraising efforts.
- What is PhonePe's revenue in FY23?In the first nine months of 2022, PhonePe achieved a revenue of Rs 1,913 crore.
- How many Phonepe users did the app register?PhonePe users have crossed the 350 million mark in lifetime registered users, as of January 2022.
- Does PhonePe charge customers anything for transactions?No, transactions made through the PhonePe app are free of charge for customers. There are no additional costs associated with using PhonePe to make...
- When was the PhonePe app launched?PhonePe was founded in 2015, and its app, based on the Unified Payments Interface (UPI), went live in 2016.
Jun 8, 2022 · PhonePe is made in India and will list in India, says CEO Sameer Nigam. Nigam said that the Walmart and Flipkart-owned startup will go public once its core businesses turn profitable and its...
- Priyanka Iyer
Dec 23, 2022 · The PhonePe Group was acquired by the Flipkart Group in 2016 and today is India’s largest digital payments platform. The company builds products and offerings tailored to the Indian market, and with over 400 million registered users, more than one in four Indians are now using PhonePe.
May 28, 2023 · PhonePe, an Indian UPI-based app founded in December 2015, experienced significant growth and expansion after being acquired by Flipkart and its parent company Walmart in the following year.
