📊 India’s PhonePe reported $234.3M in revenue in the first 9 months of 2022

Acquah Nana Yeboah -

PhonePe, the Indian fintech start-up valued at $12 billion, has reported a revenue of $234.3 million in the first nine months of 2022, marking a significant jump from the $201.6 million revenue it generated in the 12-month financial year ending in March 2021.

The start-up is projecting a revenue of $325 million for the calendar year 2022 and $504 million for 2023, according to a valuation report prepared by KPMG and filed by PhonePe.