News on Medial

The People Taking PhonePe From UPI App To Super App

Inc42 · 6m

Indian fintech giant PhonePe has reported revenue of over INR 5,000 Cr ($674 million) in FY24, making it the second startup in the country to achieve this milestone after Paytm. CEO Sameer Nigam has also stated that PhonePe is aligning its corporate governance with that of a publicly listed company. The Walmart-backed company has a centralized team of 12 members, including the three co-founders, overseeing its six subsidiaries.