PayPhi - About the company
PayPhi is a series B company based in Pune (India), founded in 2015 by Rajesh Londhe, Tushar Shankar and Ramkumar Subbaraj. It operates as a Provider of omnichannel payment solutions and infrastructure for diverse business needs. PayPhi has raised $27.1M in funding from investors like Beenext, Opus Technologies and Digital Garage, with a current valuation of $*****. The company has 161 active competitors, including 10 funded and 16 that have exited. Its top competitors include companies like Mintoak, Phi Commerce and Mylapay.
Company Details
Provider of omnichannel payment solutions and infrastructure for diverse business needs. The company delivers payment processing, acquiring switch, and tokenization services. It offers solutions for merchants, enterprises, education, and financial institutions. The platform supports payment-linked campaigns, transaction routing, and dual-factor authentication. The company provides a customizable payment stack that integrates with existing systems.
- Website
- payphi.com
- Social
- Registered Address
- Office No.202,Bldg No-4, Commerzone, Sr No.144/145, Yerwada, Pune, Pune City, Maharashtra, India, 411006
Key Metrics
Founded Year
2015
Location
Pune, India
Stage
Series B
Total Funding
$27.1M in 5 rounds
Latest Funding Round
Post Money Valuation
$***** as on Jul 04, 2025
Ranked
4th among 161 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
240 as on Aug 31, 2025
Legal entities associated with PayPhi
PayPhi is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PHI COMMERCE PRIVATE LIMITED CIN: U72900PN2015PTC154453 , India, Active | Mar 23, 2015 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 260 (As on May 01, 2026) |
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PayPhi's funding and investors
PayPhi has raised a total funding of $27.1M over 5 rounds. Its first funding round was on Dec 09, 2016. Its latest funding round was a Series B round on Apr 16, 2025 for $*****. 2 investors participated in its latest round. PayPhi has 5 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of PayPhi:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 16, 2025 | 2991321 | Series B | 9646238 | 7797055 | 8599828 | 7217347 |
Mar 30, 2023 | 2835300 | Series A | 4000387 | 8824281 | 5902663 | |
Jul 29, 2022 | 6832425 | Series A | 1291899 | 6147889 | 2564215 |
Access funding benchmarks and valuations. Sign up today!View details of PayPhi's funding rounds and investors
PayPhi's founders and board of directors
Founder? Claim ProfileHere are the details of PayPhi's key team members:
- Rajesh Londhe: Co-Founder of PayPhi and founder of 1 other company. Contact Info: 2 email addresses
- Tushar Shankar: Co-Founder of PayPhi and founder of 1 other company. Contact Info: 2 email addresses
- Ramkumar Subbaraj: Co-Founder & CTO of PayPhi.
PayPhi's Board of Directors
PayPhi's board has 4 active members. Anil Sohanlal Sharma, Rajesh Londhe, Tushar Shankar and Jose Antony Thattil are part of team.Here is the list of PayPhi's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 5m | |
Team | - | Current | 11y 5m | |
Team | - | Current | 11y 5m | |
grwyvyi | Team | - | Past | 5y 3m |
View details of PayPhi's Founder profiles and Board Members
PayPhi's employee count trend
PayPhi has 240 employees as of Aug 25. The total employee count is 36.0% more than what it was in Aug 24. Here is PayPhi's employee count trend over the years:
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PayPhi's Competitors and alternates
Top competitors of PayPhi include Mintoak, Phi Commerce and Mylapay. Here is the list of Top 10 competitors of PayPhi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of merchant engagement, payment acceptance, and banking platform solutions | $30.6M | 75/100 | ||
2nd | Phi Commerce 2015, Pune (India), Series B | Provider of omnichannel payment gateway and aggregator solutions for businesses | $27.1M | 61/100 | |
3rd | Provider of payment processing and risk management solutions | $1.74M | 60/100 | ||
4th | Provider of omnichannel payment solutions and infrastructure for diverse business needs | $27.1M | 59/100 | ||
5th | Infinitium 1997, Petaling Jaya (Malaysia), Acquired | Payment solution provider for acquirer and merchant | - | - | 53/100 |
6th | Decta 2015, London (United Kingdom), Seed | Merchant acquiring and payment processing solutions | $275K | - | 52/100 |
7th | Merchant acquiring, PoS and mobile payment solutions | - | 51/100 | ||
8th | Payment solutions for businesses | - | 50/100 | ||
9th | Merchant acquirer payment processing solutions for businesses | $10.2M | 48/100 | ||
10th |  Priority 2005, Alpharetta (United States), Public | Provider of integrated payments and banking solution services | - | - | 47/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on PayPhi's competitors? Click here to see the top ones
PayPhi's Latest cap tables and shareholding
Founders (largest shareholder) own 33.71%, Funds own 29.25%, Enterprises own 24.12% and Angels own 5.15%. The net worth of PayPhi's founders is INR 459Cr as of Jul 04, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 33.71% | 459Cr | 4165387 | 3219701 | 6223583 | 3491179 |
Fund | 29.25% | 398Cr | 4823596 | 2210006 | 5849276 | 8912646 |
5960375 | 3344640 | 1325069 | 8003208 | 2081463 | 1905182 | |
458 | 182 | 988 | 892 | 940 | 321 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 24.12% | 328Cr | 2194527 | 4346282 | 7054903 | 6524127 |
Angel | 5.15% | 70.1Cr | 27717 | 74899 | 48099 | 65351 |
5415 | 4895 | 6963 | 2121 | 7577 | 4759 | |
ESOP Pool | 7.78% | 106Cr | 2455436 | 8323417 | 1698660 | 8081984 |
Total | 100.00% | 1,360Cr | 3440597 | 7297023 | 9813631 | 9920810 |
To unlock detailed Cap Table of PayPhi Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of PayPhi's Shareholding
PayPhi's Investments and acquisitions
PayPhi has made no investments or acquisitions yet.
Reports related to PayPhi
Here is the latest report on PayPhi's sector:
News related to PayPhi
Filter this list•
Phi Commerce posts Rs 81 Cr revenue in FY24; losses soar 3XEntrackr•Mar 07, 2025•Phi Commerce, PayPhi
•
RBI Approves Phi Commerce for Payment Aggregator LicenseSMEStreet.in•Jan 10, 2025•Phi Commerce, PayPhi
•
•
Phi Commerce Launches Platform For Lenders To Streamline Payments Across Multiple ChannelsInc42•Oct 22, 2024•PayPhi
•
Phi Commerce Achieves ISO 27001 Certification, Strengthening Commitment to Data SecurityPhi Commerce•Sep 20, 2024•Phi Commerce, PayPhi
•
Phi Commerce Unveils New Brand Logo Symbolizing Perfection, Growth, and Global UnityBusinessnewsthisweek•Aug 06, 2024•PayPhi, Phi Commerce
•
Phi Commerce wins ‘Best in Class Payment Startup’ ASSOCHAM awardsBusinessnewsthisweek•Jul 18, 2024•PayPhi
•
Phi Commerce to manage payment solutions for Reliance Nippon Life InsuranceInsuranceNewsNet•May 13, 2024•PayPhi, Reliance Life
•
Reliance Nippon Life Insurance Enlists Phi Commerce for Enhanced Payment ManagementDevdiscourse•May 13, 2024•Reliance Life, PayPhi
•
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