PhonePe Limited
Financial Services · Fintech / Digital Payments
Awaiting a verified source quote. No third-party quote is on record for this company yet, so there is no indicative price to show — and we would rather leave it blank than print a number we cannot stand behind. Our team can confirm the current dealable level directly.
Indicative private-market reference — not an exchange quote. Not investment advice.
- Implied valuation
- Not available
- Revenue growth
- Not disclosed
- EBITDA margin
- Not disclosed
- Prospera Score
- Not yet scored
What the market says, and what we know.
Two separate things, deliberately shown side by side: a sourced private-market price reference, and the depth of research that actually stands behind this company today.
No third-party quote has been sourced for this company yet, so there is no market reference to show. Ask us to check the current level and we will come back with what the market is actually doing.
- Research Universe — availableCatalogued as a strategically relevant private-market company.
- Basic Research — availableBusiness and ownership facts verified against primary sources — 2 sourced records on file.
- Deep Research — not availableNot started. No financials, no implied valuation and no Prospera Score exist for this company.
- Prospera Recommendation — not availableNo Prospera view has been published. Presence in the universe is not a recommendation.
Indicative Private-Market Price History
Real, dated third-party observations only — plotted where they exist, never interpolated, extended or carried forward. This is a record of private-market sightings, not a live exchange chart.
Price history not available. No dated third-party quotes have been sourced for this company yet.
The business, in plain English.
Assembled only from records that exist for this company. Anything not disclosed says so.
- Founded
- 2015
- Headquarters
- Bengaluru, Karnataka
- Sector
- Financial Services · Fintech / Digital Payments
- Promoters
- Sameer Nigam, Rahul Chari
What it does
PhonePe operates India's largest UPI-based digital payments app and has expanded into insurance distribution, lending, wealth management, stock broking (Share.Market) and an alternative app store (Indus Appstore). It earns through payment processing, merchant commissions, and cross-sell of financial products to its large user base.
Source: EntrackrWhy it matters
Competes primarily with Google Pay for UPI market share, and with Paytm across broader digital payments and financial-services cross-sell.
Source: Not attributedOwnership structure
Majority owned by Walmart (via WM Digital Commerce Holdings), following full separation from the Flipkart Group; Tiger Global and Microsoft hold minority stakes they intend to fully exit via the IPO.
Promoters & principal holders: Sameer Nigam, Rahul Chari
Private-market context
Filed an updated DRHP with SEBI in January 2026 for a 100% offer-for-sale by Walmart, Tiger Global and Microsoft; SEBI approved the IPO on 20 January 2026, but the listing was paused in March 2026 pending market conditions.
What to understand before investing
- Unlisted shares can be difficult to sell. There may be no continuous market and no guaranteed buyer at the price you see.
- Any price shown here is an indicative private-market reference, not an exchange quote and not an executable price.
- An expected IPO may be delayed, repriced or never happen at all.
- A good company can still be a poor investment at the wrong valuation.
Research is not yet complete for this company.
We would rather say that plainly than publish a page that looks finished.
No financials, no implied valuation and no peer comparison have been researched for this company yet.
No Prospera Private Market Score and no Prospera view exist. Being in our universe is not a recommendation, and we will not manufacture one to fill this space.
What you can rely on above is what has actually been verified: the company's identity and business facts, any sourced price observations on record, and any risks that have been documented. If you want us to prioritise deeper work here, ask — that is genuinely how the queue gets set.
What could go wrong.
Documented, per-company risks — grouped by the categories the research itself recorded. There is no risk score here, because we do not compute one.
Regulatory
1 recorded riskPhonePe and Google Pay together handle the vast majority of UPI transaction volumes, keeping them exposed to NPCI's proposed (and repeatedly deferred) market-share cap for individual third-party UPI apps.
Source: Outlook Business (PhonePe IPO Deep Dive)IPO
1 recorded riskDespite receiving SEBI approval in January 2026, PhonePe's IPO launch was paused in March 2026 pending market conditions, leaving the listing timeline uncertain even after clearing regulatory hurdles.
Source: Outlook BusinessWhat's happened, and why it matters.
Dated, sourced events only — recorded as they were reported, in reverse order of significance to a private-market holder.
- DRHP Filed20 Jan 2026
PhonePe files updated DRHP; Walmart, Microsoft and Tiger Global to sell stakes via OFS
Confirms India's most valuable fintech is proceeding toward listing entirely via secondary share sales by existing shareholders, with no fresh capital raised by the company itself.
Source: Entrackr
Everything traceable.
Every figure on this page comes from one of the records below. Where a source published a link, it is here.
| Field | Source | As of |
|---|---|---|
| Business Description | Entrackr | Not disclosed |
| Competitive Position | Not attributed | Not disclosed |
Interested in PhonePe Limited?
Every option below opens a conversation with a person at Prospera. Nothing here places, reserves or executes an order.
We will come back with the current dealable level, the available lot size and what the process actually involves. Indicative prices shown on this page are private-market references, not executable quotes.