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PhonePe
4.0
based on 2.3k Reviews
Video summary
Top Rated Tech Startup - 2024
Company Overview
Associated Companies
Company Locations
Working at PhonePe
Company Summary
online portal for monetary transactions, bill payments and shopping
Overall Rating
4.0/5
based on 2.3k reviews
8% above
industry average
Highly rated for
Salary, Company culture, Job security
Work Policy
Work from office
51% employees reported
Monday to Saturday
61% employees reported
Flexible timing
53% employees reported
Within city
62% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
103 employees reported
Health insurance
102 employees reported
Professional degree assistance
43 employees reported
Office cab/shuttle
41 employees reported
View all benefits
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About PhonePe
Founded in2015 (10 yrs old)
India Employee Count10k-50k
Global Employee Count--
India HeadquartersBangalore,Karnataka, India
Office Locations
Websitephonepe.com
Primary Industry
Other Industries
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PhonePe Private Limited or PhonePe is an Indian e-commerce payment system and digital wallet company headquartered in Bangalore, India. It was founded in December 2015,[3] by Sameer Nigam and Rahul Chari. PhonePe app went live in August 2016 and was the first payment app built on Unified Payments Interface (UPI). The PhonePe app is available in over 11 Indian languages.Using PhonePe, users can send and receive money, DTH, recharge mobile, data cards, make utility payments, buy gold and shop online and offline. In addition PhonePe also allows users to book Ola rides, pay for Redbus tickets, order food on Freshmenu, eaf, fit and avail Goibibo Flight and Hotel services through microapps on its platform.
Vision: To build a large, scalable & open transaction ecosystem that creates the maximum positive impact for all stakeholders.
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AmbitionBox Best Places to Work in India Awards
Best of the best, rated by employees
PhonePe won India’s Largest Employee Choice Awards in Tech Startups Companies Category.
#6 Top Rated Tech Startups
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PhonePe Ratings
based on 2.3k reviews
Overall Rating
4.0/5
How AmbitionBox ratings work?
5
1.2k
4
476
3
266
2
109
1
218
Category Ratings
4.0
Salary
3.8
Company culture
3.8
Job security
3.8
Work-life balance
3.8
Skill development
3.6
Work satisfaction
3.5
Promotions
PhonePe is rated 4.0 out of 5 stars on AmbitionBox, based on 2.3k company reviews. This rating reflects a generally positive employee experience, indicating satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at PhonePe
based on 2.2k reviews
3.4
Rated by 170 Women
Rated 3.5 for Job security and 3.4 for Salary
4.0
Rated by 2k Men
Rated 4.1 for Salary and 3.8 for Work-life balance
Work Policy at PhonePe
based on 506 reviews in last 6 months
Work from office
51%
Hybrid
41%
Permanent work from home
8%
PhonePe Reviews
Top mentions in PhonePe Reviews
+ 5 more
Tide Business Finance Platform
Thrive at work, live fully - experience balance like never before!
Compare PhonePe with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 4.0/5 based on 2.3k reviews  | 3.3/5 based on 7.4k reviews | 4.2/5 based on 187 reviews | 4.0/5 based on 123 reviews |
Highly Rated for | Salary Skill development Work-life balance |  No highly rated category | Company culture Skill development Work-life balance | Skill development Salary Company culture |
Critically Rated for |  No critically rated category | Job security Promotions Company culture | No critically rated category | No critically rated category |
Primary Work Policy | Work from office 51% employees reported | Work from office 48% employees reported | Work from office 38% employees reported | Hybrid 51% employees reported |
Rating by Women Employees | 3.4 Average rated by 170 women | 3.2 Average rated by 624 women | 4.6 Excellent rated by 8 women | 4.3 Good rated by 19 women |
Rating by Men Employees | 4.0 Good rated by 2k men | 3.3 Average rated by 6.4k men | 4.2 Good rated by 156 men | 3.9 Good rated by 90 men |
Job security | 3.8 Good | 2.7 Poor | 3.7 Good | 3.6 Good |
View more
PhonePe Salaries
PhonePe salaries have received with an average score of 4.0 out of 5 by 2.3k employees.
Key Accounts Executive
(645 salaries)
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₹3.4 L/yr - ₹7.5 L/yr
Territory Sales Manager
(518 salaries)
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₹4.7 L/yr - ₹10.5 L/yr
Business Development Executive
(491 salaries)
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₹1.7 L/yr - ₹5.1 L/yr
Business Development Associate
(370 salaries)
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₹2.4 L/yr - ₹6 L/yr
Software Engineer
(259 salaries)
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₹14 L/yr - ₹55 L/yr
Area Sales Manager
(232 salaries)
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₹6.4 L/yr - ₹15.4 L/yr
Team Lead
(230 salaries)
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₹2 L/yr - ₹7 L/yr
Sales Executive
(217 salaries)
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₹1.5 L/yr - ₹4.5 L/yr
Senior Territory Sales Manager
(166 salaries)
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₹5.9 L/yr - ₹10.5 L/yr
Cluster Manager
(163 salaries)
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₹7.4 L/yr - ₹21.4 L/yr
PhonePe Interview Questions
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PhonePe Jobs
Popular Designations PhonePe Hires for
Current Openings
PhonePe News
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'Buy' L&T Finance Maintains Motilal Oswal, Sees 23% Upside — Here's Why
- Motilal Oswal maintains 'Buy' on L&T Finance and sees a 23% upside potential.
- Benefits of Cyclops and Nostradamus projects will be visible from H2 FY26.
- L&T Finance is at the forefront of tech transformation, developing future-ready solutions to enhance efficiency.
- Supported by digital partnerships with major players such as Amazon and PhonePe.
Bloomberg Quint | 4 Mar, 2025
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CRED Cranks Up The Loan Machine
- CRED reported revenue of over INR 2,400 Cr last year, targeting top 1%-2% of fintech customers.
- The latest changes at CRED focus on monetizing the premium segment of users with products like secured loans.
- The Svalbard Release by CRED introduces secured loans, revamps credit card experience, and adds credit score history feature.
- CRED's approach of catering to the premium segment of the market is likened to Apple's strategy.
- Kunal Shah's interview revealed insights about CRED's acquisition of Kuvera and its potential in lending.
- CRED aims to differentiate by offering a unique product experience to top-tier customers amidst fierce competition.
- The super app battle in the fintech space intensifies, with multiple players like Paytm, PhonePe, and Google Pay in the race.
- CRED's revenue growth in FY24 was substantial, but the company aims for profitability by FY26.
- CRED's strategic additions like credit score history and secured loans enhance user engagement and revenue potential.
- The emphasis on lending could be a significant revenue multiplier for CRED, inching closer to industry giants like PhonePe and Paytm.
Inc42 | 2 Mar, 2025
UPI transactions decline by 5% m-o-m in February
- The transaction value for February declined by 6.5% to ₹21.48 trillion.
- There was a 33% rise in volume and a 20% increase in value compared to February 2024.
- FASTag transactions saw a slight increase of 1% in February, reaching 384 million.
- PhonePe processed 810.2 crore transactions in January 2025, capturing over 48% of the total UPI transactions.
HinduBusinessLine | 2 Mar, 2025
UPI Transactions Decline 5% MoM in February
- UPI transactions declined over 5% month-on-month (MoM) to 16.11 Bn in February.
- On a year-on-year (YoY) basis, the transaction count surged 33% in February.
- The total amount of the UPI transactions declined 6.47% to INR 21.96 Lakh Cr in February.
- PhonePe processed 810.2 Cr transactions in January 2025, accounting for more than 48% of the total UPI transactions.
Inc42 | 1 Mar, 2025
Rebel Foods’ 15-Min Gamble, TIL Enters Fantasy Gaming Space & More
- Rebel Foods has launched QuickiES, a 15-minute food delivery app, entering the ultra-fast food delivery space.
- Despite competition from players like Zomato and Swiggy, Rebel Foods focuses on its strength in food over logistics.
- Rebel Foods pledges a 15-minute delivery or it's free, challenging the existing quick delivery model.
- Cricbuzz has entered the fantasy gaming space with Cricbuzz11 for cricket contests.
- Zappfresh's IPO plans focus on profitability through lean operations and an optimized supply chain.
- Darwinbox is seeking a $150 million funding round led by KKR and Partners Group.
- Amazon has been fined INR 339.3 Cr for copyright infringement by Delhi High Court.
- boAt has received board approval for its IPO, eyeing a valuation of over $1.5 Bn.
- upGrad has launched an AI Incubator to support AI startups with investments and product innovation.
- PhonePe is nearing its IPO plans with a goal of achieving a valuation of up to $15 Bn.
Inc42 | 27 Feb, 2025
PhonePe Rolls Out The IPO Carpet
- PhonePe, an Indian fintech giant, announced its plans for an IPO, making headlines in Bengaluru.
- Despite uncertainties in the market, PhonePe's sudden IPO announcement surprised many.
- The company aimed for IPO clarity due to its UPI transaction dominance.
- PhonePe declared its IPO plans for the first time ever, targeting the Indian public markets.
- With $1.7 Tn in TPV and 310 Mn daily transactions, PhonePe aims for a significant IPO.
- PhonePe's revenue growth in FY24 showed promising results, hinting at a potential IPO success.
- Compared to Paytm, PhonePe's revenue growth and stability position it well for the IPO race.
- PhonePe's improved profitability and revenue growth signal confidence in seeking high IPO valuations.
- As PhonePe gears up for IPO filings, it emerges as a prominent contender for the largest startup IPO of the year.
- Amid tech stock fluctuations, TAC Infosec gained, projecting growth through global expansions and acquisitions.
Inc42 | 23 Feb, 2025
Walmart-backed PhonePe gears up for IPO
- Walmart-backed PhonePe has begun preparations for its IPO on Indian stock exchanges.
- PhonePe's strong revenue growth and progress toward profitability have prompted the decision.
- PhonePe reported a profit of Rs 197 crore for FY23-24 and saw a 74% YoY revenue growth.
- Acquired by Flipkart in 2016, PhonePe is a major asset for Walmart which owns 71% of the company.
VIE Stories | 21 Feb, 2025
PhonePe Sets IPO Ball Rolling, The Whole Truth Bags $15 Mn & More
- PhonePe is preparing for an IPO, taking advantage of the timing and its strong growth in FY24.
- PhonePe currently has nearly half of the UPI payments market share.
- Top-level executives resign from ShareChat.
- The Whole Truth, a D2C snacking brand, raises $15 million in Series C funding led by Sofina.
Inc42 | 21 Feb, 2025
India on track in AI race, says Amitabh Kant; Bubble Me's self-care bet
- PhonePe, backed by Walmart, is preparing for an IPO on Indian stock exchanges after moving its base from Singapore to India.
- PhonePe has established a clear corporate structure for its public listing plans, with Walmart planning to source products from India.
- India aims to become a global hub for toy manufacturing, and Apple introduces a new iPhone with AI features at a lower cost.
- Some individuals opt for locking phones in a box to disconnect from the digital world.
- Amitabh Kant believes India will shape the future of AI through innovation, scaling, and democratization.
- India holds advantages in engineering talent and adoption rates for AI.
- Amitabh Kant emphasizes the importance of nimble engineering and building foundational AI models based on India's strengths.
- Fresher hiring intent for the first half of 2025 is positive, with industries like ecommerce, manufacturing, and IT increasing their plans to recruit fresh graduates.
- Bubble Me, focusing on bath and body products, experiences growth with unique fragrances aiming to reach 100,000 customers by 2025.
- Airbus plans to manufacture 820 planes this year despite challenges in its supply chain.
Yourstory | 21 Feb, 2025
Google Pay begins charging convenience fees on bill payments via credit, debit cards
- Google Pay is now charging a convenience fee on bill payments made using credit and debit cards in India.
- The fee ranges between 0.5% and 1% of the transaction amount, along with GST, and applies to payments for electricity, water, and cooking gas bills.
- UPI payments made directly from linked bank accounts will continue to remain free.
- This move by Google Pay follows similar steps taken by its competitors, such as PhonePe and Paytm, in order to offset processing costs and establish a sustainable revenue model.
ISN | 21 Feb, 2025
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PhonePe FAQs
When was PhonePe founded?
PhonePe was founded in 2015. The company has been operating for 10 years primarily in the FinTech sector.
Where is the PhonePe headquarters located?
PhonePe is headquartered in Bangalore,Karnataka. It operates in 2 cities such as Bangalore / Bengaluru, Mumbai. To explore all the office locations, visit PhonePe locations.
How many employees does PhonePe have in India?
PhonePe currently has more than 23,000+ employees in India. Sales & Business Development department appears to have the highest employee count in PhonePe based on the number of reviews submitted on AmbitionBox.
Does PhonePe have good work-life balance?
PhonePe has a Work-Life Balance Rating of 3.8 out of 5 based on 2,300+ employee reviews on AmbitionBox. 74% employees rated PhonePe 4 or above, while 26% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read PhonePe work-life balance reviews for more details
Is PhonePe good for career growth?
Career growth at PhonePe is rated fairly well, with a promotions and appraisal rating of 3.5. 74% employees rated PhonePe 4 or above, while 26% employees rated it 3 or below on promotions/appraisal. Though the sentiment is mixed for career growth, majority employees have rated it positively. We recommend reading PhonePe promotions/appraisals reviews for more detailed insights.
What are the pros of working in PhonePe?
Working at PhonePe offers several advantages that make it an appealing place for employees. The company is highly rated for salary & benefits, company culture and job security, based on 2,300+ employee reviews on AmbitionBox.
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