PhonePe, founded in 2015 and headquartered in Bengaluru, has raised over $3 billion in funding from investors including General Atlantic, Walmart, Tiger Global, and Ribbit Capital. A significant $350 million growth round led by General Atlantic in early 2023 valued the company at around $12 billion, followed by additional capital injections and a large investment in 2025 that lifted its valuation toward $15 billion. The platform enables UPI payments, financial services, and commerce features across India for consumers and merchants, and is advancing toward a major IPO while expanding its fintech ecosystem.