When was Phi Commerce founded?

Phi Commerce was founded in 2015 and raised its 1st funding round 1 year after it was founded.

Where is Phi Commerce located?

Phi Commerce is headquartered in Pune, India. It is registered at Office No.202,Bldg No-4, Commerzone, Sr No.144/145, Yerwada, Pune, Pune City, Maharashtra, India, 411006.

Which legal entities is Phi Commerce associated with?

Phi Commerce is associated with PHI COMMERCE PRIVATE LIMITED.

How many employees does Phi Commerce have?

As of Sep 30, 2026, the latest employee count at Phi Commerce is 274.

Is Phi Commerce a funded company?

Phi Commerce is a funded company, having raised a total of $27.1M across 7 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 09, 2016.

How much is Phi Commerce worth?

The latest valuation of Phi Commerce is $***** as of Jul 04, 2025.

When was the latest funding round of Phi Commerce?

Phi Commerce's latest funding was a $***** Series B round on Jul 16, 2025, with participation from 1 investor.

What is the annual revenue of Phi Commerce?

Annual revenue of Phi Commerce is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Phi Commerce rank among its competitors?

Phi Commerce ranks 2nd amongst 161 active competitors, of which 10 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Mintoak, which secured $9M in Aug, 2026.

Who are the top competitors of Phi Commerce?

Phi Commerce's top competitors include Mintoak, Mylapay and PayPhi. Among them, Mintoak secured the most recent funding round in August, 2026.

Phi Commerce - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of omnichannel payment gateway and aggregator solutions for businesses. The company delivers a unified platform integrating payments across online, in-store, and mobile channels. It offers solutions such as acquiring switch, tokenization, smart transaction router, and dual-factor authentication. The company’s payment stack is customizable to distinct business needs, providing seamless integration with APIs and automated back-office solutions.

Website: phicommerce.com
Social
Email ID: *****@phicommerce.com, *****@phicommerce.com
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 7 rounds

Latest Funding Round

Series B, Jul 16, 2025, $*****

Post Money Valuation

$***** as on Jul 04, 2025

Investors

Beenext & 10 more

Ranked

2^nd among 161 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

274 as on Sep 30, 2026

Similar Companies

Mintoak & 194 more

View Phi Commerce's full profile

Phi Commerce is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
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)

Phi Commerce has raised a total funding of $27.1M over 7 rounds. Its first funding round was on Dec 09, 2016. Its latest funding round was a Series B round on Jul 16, 2025 for $*****. 1 investor participated in its latest round. Phi Commerce has 6 institutional investors and 5 angel investors.

Here is the list of recent funding rounds of Phi Commerce:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 16, 2025	1060864	Series B	4994287	8956497	6374235	7655881
Apr 2025	5254191	Series B	1734038	1523595	4389682	Digital Garage
Nov 28, 2023	1730716	Series A	9844023	2151674	8263024	Beenext & 1 more

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View details of Phi Commerce's funding rounds and investors

The founders of Phi Commerce are Anil Sohanlal Sharma, Rajesh Hanumantrao Londhe, Tushar Ashok Shankar, Rajesh Londhe, Tushar Shankar and Ramkumar Subbaraj. Jose Thattil is the CEO of Phi Commerce.

Here are the details of Phi Commerce's key team members:

Anil Sohanlal Sharma: Co-Founder of Phi Commerce. They are also an angel investor in 8 startups and serve on the boards of 2 companies.
Contact Info: 1 email address and 1 phone number
Rajesh Hanumantrao Londhe: Co-Founder of Phi Commerce. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Tushar Ashok Shankar: Co-Founder of Phi Commerce. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Rajesh Londhe: Co-Founder of Phi Commerce and founder of 1 other company.
Contact Info: 2 email addresses
Tushar Shankar: Co-Founder of Phi Commerce and founder of 1 other company.
Contact Info: 2 email addresses

Phi Commerce's Board of Directors

Phi Commerce's board has 3 active members. Rajesh Hanumantrao Londhe, Tushar Ashok Shankar and Jose Antony Thattil are part of team.

Here is the list of Phi Commerce's board of directors:

Name	Type	Representing	Status	Duration
Rajesh Hanumantrao Londhe	Team	-	Current	5y 10m
Tushar Ashok Shankar	Team	-	Current	5y 10m
Jose Antony Thattil	Team	-	Current	7y 10m

View details of Phi Commerce's Founder profiles and Board Members

Phi Commerce's employee count trend

Phi Commerce has 274 employees as of Sep 26. Here is Phi Commerce's employee count trend over the years:

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Top competitors of Phi Commerce include Mintoak, Mylapay and PayPhi. Here is the list of Top 10 competitors of Phi Commerce, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Mintoak 2017, Mumbai (India), Series A	Provider of merchant engagement, payment acceptance, and banking platform solutions	$30.6M	HDFC Bank, PayPal & 19 others	75/100
2nd	Phi Commerce 2015, Pune (India), Series B	Provider of omnichannel payment gateway and aggregator solutions for businesses	$27.1M	Beenext, Digital Garage & 9 others	61/100
3rd	Mylapay 2019, Chennai (India), Seed	Provider of payment processing and risk management solutions	$1.74M	CDM Capital, Cameo Corporate & 33 others	60/100
4th	PayPhi 2015, Pune (India), Series B	Provider of omnichannel payment solutions and infrastructure for diverse business needs	$27.1M	Beenext, Opus Technologies & 7 others	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	Bambora 2014, Sydney (Australia), Acquired	Merchant acquiring, PoS and mobile payment solutions	-	Nordic Capital, Aii Corporation	51/100
8th	PayFacto 2018, Montreal (Canada), Late Stage	Payment solutions for businesses	-	Flexpoint Ford, BMO	50/100
9th	CredoPay 2014, Chennai (India), Seed	Merchant acquirer payment processing solutions for businesses	$10.2M	EzSwype, Tjgreenenergy & 7 others	48/100
10th	Priority 2005, Alpharetta (United States), Public	Provider of integrated payments and banking solution services	-	-	47/100

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Founders (largest shareholder) own 33.71%, Funds own 29.25%, Enterprises own 24.12% and Angels own 5.15%. The net worth of Phi Commerce's founders is INR 459Cr as of Jul 04, 2025. The cap table displayed below is for PHI COMMERCE PRIVATE LIMITED which is the legal entity associated with Phi Commerce.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	33.71%	459Cr	7196721	3686251	7202921	1591243
Anil Sohanlal Sharma	8923763	4620393	3491726	8904307	8330524	5534385
Fund	29.25%	398Cr	3842021	4720635	3338511	5017499
Beenext	4119388	9334580	3577306	3568500	3061999	4801985
Digital Garage	384	652	970	597	548	583
Yatra Angel Network	0	0	0	0	0	0
Enterprise	24.12%	328Cr	1633754	5305583	7435513	2576668
Angel	5.15%	70.1Cr	52817	23830	60492	64485
ESOP Pool	7.78%	106Cr	2365165	5081177	6506771	1001161
Total	100.00%	1,360Cr	7264644	7118972	3918817	5009471