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Phonepe IPO

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Upcoming IPO. View DRHP for more details.

About the Company
PhonePe is a technology company building digital platforms for population-scale adoption, powering an ecosystem of apps across Payments services, Digital Distribution Services and Financial Services. The company operates three digital platforms: the PhonePe Platform (serving consumers via PhonePe Consumer app and merchants via PhonePe Business app) for Consumer Payments, Digital Distribution Services, Merchant Payments, Lending Distribution and Insurance Distribution services, and two New Platforms - Share.Market (stock broking and mutual funds distribution) and Indus Appstore (Made-In-India Android app store). The company is India's largest digital payments platform with sustained leadership in market share from December 2020 to September 2025 in terms of transactions and total payments value for customer-initiated UPI transactions.
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Founded In

2012

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CEO

Sameer Nigam

Financials of Phonepe IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue2,914.295,064.137,114.86
Other Income169.15658.07516.52
Total Income
3,083.435,722.207,631.38
Total Expenses
5,906.237,754.299,394.10
Profit Before Tax-2,802.35-2,006.65-1,735.56
Total Profit
-2,796.07-1,996.17-1,727.41

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company aims to achieve the benefits of listing its Equity Shares on the Stock Exchanges to enhance visibility and brand image as well as provide a public market for the Equity Shares in India.-
The company is carrying out an Offer for Sale of Equity Shares by the Selling Shareholders. The company will not receive any proceeds from this Offer for Sale.-
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  • Long-Term and Strategic Approach to Building New Businesses: The company's long-term orientation stems from founding team conviction to solve meaningful, large-scale problems for India. Strategic choices like investing in own data centres enable compliance with India's data localisation norms and improve cost and performance.
  • Highly Tenured Leadership Team with Strong Focus on Organisational Culture and Governance: The company is led by its founding team with decades of experience in technology industry, supported by seasoned executive team and experienced, independent Board with long-term orientation and strong organisational culture.
  • Cutting-Edge Technology and Intellectual Property Stack: The company has built an in-house technology stack across infrastructure, platform, software and data intelligence layers, designed for performance, reliability, scalability, security and cost efficiency at population-scale with ownership across full technology engine.
  • Trusted Brand across the Length and Breadth of India: The company is India's most downloaded Android mobile app owned by an Indian company in 'Finance' category with 156.00 million Daily Active Users. 99.23% of customers return within 30 days, with 65.22% from Tier-2+ cities representing 657.56 million LTD Registered User Base.
  • Market Leadership in a High-Frequency Payments Business: The company has consistently sustained #1 market position in UPI transactions for 58 consecutive months (December 2020 to September 2025). India's digital Consumer Payments TPV reached ₹301 trillion in Fiscal Year 2025, projected to grow at 15-18% CAGR reaching ₹602-681 trillion by 2030.
  • Strong Operating Model Combining Scale, Growth, Diversification, and Financial Performance: The company has focused on executing financial strategy through revenue growth with diversification and improvement in profitability and cash generation, supported by scale across consumer and merchant businesses and disciplined approach to platform monetisation.

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