Startup Atlas · Digital Payments

PhonePe Unicorn Acquired

PhonePe Limited ● Bengaluru, Karnataka ● Founded 2015 ● phonepe.com ↗
Sameer Nigam · Co-Founder, Whole-time Director & Chief Executive Officer Rahul Chari · Co-Founder, Whole-time Director & Chief Technology Officer Burzin Engineer · Co-Founder & Chief Reliability Officer
$1.35 BnTotal funding (tracked)
4Funding rounds
17 Mar 2023Last round
12,265Team size (sourced)

PhonePe: Financial Breakdown

Figures below are H1 FY26, consolidated basis, compiled from filings and disclosures — every year cited to its source.

₹3,918.5 Cr revenue from operations for 6 months ended 30 Sep 2025, up 22.2% YoY from ₹3,207.5 Cr in H1 FY25Total revenue · -45.9% YoY
₹6,069.2 Cr, up 29.7% YoY from ₹4,680 Cr in H1 FY25Total expenses
Reported (statutory) EBITDA loss of ₹858.8 Cr in H1 FY26 vs ₹544.7 Cr loss in H1 FY25; not the ESOP-adjusted metric used in FY24/FY25 figures above, so not directly comparableEBITDA
Net loss of ₹1,444.4 Cr, widened 20% YoY from ₹1,203.2 Cr loss in H1 FY25Net loss · loss narrowed 17.8% YoY

Revenue by fiscal year

02004006008001,000$M₹1,646.2 Cr revenue from operations (₹1,692.7 Cr total revenue incl. other income), up ~2.3x YoY: $196M196FY22₹2,914 Cr revenue from operations, up 77% YoY from ₹1,646 Cr in FY22: $346.9M347FY23₹5,064 Cr revenue from operations, up 73.8% YoY from ₹2,914 Cr in FY23: $602.9M603FY24₹7,114.8 Cr revenue from operations, up 40.4-40.5% YoY from ₹5,064.1 Cr in FY24: $856.2M856FY25₹3,918.5 Cr revenue from operations for 6 months ended 30 Sep 2025, up 22.2% YoY from ₹3,207.5 Cr in H1 FY25: $443.5M444H1 FY26

Net profit / loss by fiscal year

-400-300-200-1000$MConsolidated net loss of ₹2,013.7 Cr, up 16.4% YoY from ₹1,728.7 Cr loss in FY21: $-239.7M-240FY22Consolidated net loss of ₹2,795 Cr: $-332.7M-333FY23Consolidated net loss of ₹1,996 Cr, narrowed 28% YoY from ₹2,795 Cr loss in FY23: $-237.6M-238FY24Consolidated net loss of ₹1,727.4 Cr, narrowed 13.4-13.5% YoY from ₹1,996.1-1,996.2 Cr loss in FY24: $-207.9M-208FY25Net loss of ₹1,444.4 Cr, widened 20% YoY from ₹1,203.2 Cr loss in H1 FY25: $-163.5M-164H1 FY26

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
H1 FY26 ₹3,918.5 Cr revenue from operations for 6 months ended 30 Sep 2025, up 22.2% YoY from ₹3,207.5 Cr in H1 FY25 ₹6,069.2 Cr, up 29.7% YoY from ₹4,680 Cr in H1 FY25 Reported (statutory) EBITDA loss of ₹858.8 Cr in H1 FY26 vs ₹544.7 Cr loss in H1 FY25; not the ESOP-adjusted metric used in FY24/FY25 figures above, so not directly comparable Net loss of ₹1,444.4 Cr, widened 20% YoY from ₹1,203.2 Cr loss in H1 FY25 source
FY25 ₹7,114.8 Cr revenue from operations, up 40.4-40.5% YoY from ₹5,064.1 Cr in FY24 ₹9,394 Cr, up ~21% YoY Adjusted EBITDA (consolidated group, excluding ESOP costs): ₹1,477 Cr, per Entrackr's FY25 results coverage Consolidated net loss of ₹1,727.4 Cr, narrowed 13.4-13.5% YoY from ₹1,996.1-1,996.2 Cr loss in FY24 source
FY24 ₹5,064 Cr revenue from operations, up 73.8% YoY from ₹2,914 Cr in FY23 ₹7,756 Cr, up 31.3% YoY from ₹5,907 Cr in FY23 Adjusted EBITDA (consolidated group, ex-ESOP): ₹652 Cr, per TechStory/AngelOne coverage of the FY25 results Consolidated net loss of ₹1,996 Cr, narrowed 28% YoY from ₹2,795 Cr loss in FY23 source
FY23 ₹2,914 Cr revenue from operations, up 77% YoY from ₹1,646 Cr in FY22 ₹5,907 Cr — Consolidated net loss of ₹2,795 Cr source
FY22 ₹1,646.2 Cr revenue from operations (₹1,692.7 Cr total revenue incl. other income), up ~2.3x YoY ₹3,705.6 Cr, up 50.8% YoY from ₹2,456.8 Cr in FY21 — Consolidated net loss of ₹2,013.7 Cr, up 16.4% YoY from ₹1,728.7 Cr loss in FY21 source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: www.phonepe.com · Last verified 7 Sep 2026. · Report a correction