PhonePe Founder Net Worth: From Flipkart to Fintech Leader

Bhavish Aggarwal, the founder of Ola, and Vijay Shekhar Sharma, the founder of Paytm, are often mentioned alongside Dilip Shetty, the founder of PhonePe, in discussions about fintech leaders in India.

Dilip Shetty started his career in the Indian startup ecosystem as a part of Flipkart, where he played a crucial role in shaping the company's logistics and supply chain management.

Flipkart's early success can be attributed to the innovative ideas and strategies of its co-founders, including Sachin Bansal and Binny Bansal, who later sold the company to Walmart.

After Flipkart, Dilip Shetty went on to co-found PhonePe, which has become one of the leading fintech companies in India, offering a range of services including digital payments and lending.

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Sameer Nigam's professional life is a testament to his entrepreneurial spirit and innovative thinking. He served as the Director of Search Product Development at Shopzilla from May 2001 to June 2007.

Before launching PhonePe, Sameer co-founded Mime360 in 2009, an online social media distribution channel that was later acquired by Flipkart. He worked at Flipkart from October 2011 to August 2015, holding various roles including Vice President and Senior Vice President in Marketing and Engineering divisions.

As a seasoned executive, Sameer has a proven track record of launching and scaling successful ventures, including PhonePe, which he launched in 2015 as its CEO.

Sameer Nigam is the Founder and CEO of PhonePe, a Bangalore-based company that he launched in December 2015.

He brought the idea of launching an online payment app based on Unified Payments Interface (UPI) to life along with his friends Rahul Chari and Burzin Engineer.

PhonePe went live in August 2016 and is available in over 11 Indian languages.

Sameer Nigam is a member of the Board of Directors at PhonePe and advises on Marketing and several other strategies.

The company was acquired by Flipkart in 2016, and later by US-based Walmart Incorporation in 2018 for $16 billion.

As of FY24, PhonePe's founders, including Sameer Nigam, each earned INR 5 crore, with lower ESOP valuations compared to the previous year.

PhonePe's first annual report shows a 73% revenue increase to INR 5,064 crore, with the company posting an adjusted profit of INR 197 crore after a INR 738 crore loss last year.

Sameer Nigam joined Flipkart in October 2011 and served as Vice President and Senior Vice President at the e-commerce company.

He worked in several divisions, including Marketing and Engineering, before leaving Flipkart in August 2015.

Sameer then launched his digital wallet platform PhonePe in 2015, where he is positioned as the CEO.

PhonePe was later acquired by Flipkart, but in 2023, it finally announced its separation from Flipkart.

This deal was a significant move, as PhonePay became the first fintech platform to enable cross-border transactions.

PhonePe completed its domicile shift from the US to India in January, and within a year, it achieved this milestone.

The investors of PhonePe had to pay almost Rs. 8,000 crore to bring it back to India, as revealed by Sameer Nigam in a YouTube conversation.

Bhavish Aggarwal's net worth is estimated to be over $2 billion, primarily due to his success with Ola and Ola Electric.

He co-founded Ola in 2010 and took the company public in 2021, listing it on the London Stock Exchange.

Bhavish Aggarwal's net worth increased significantly after the initial public offering (IPO) of Ola.

His net worth is also influenced by his ownership in Ola Electric, a leading electric vehicle manufacturer in India.

Ola Electric aims to become one of the largest electric vehicle manufacturers in the world.

Bhavish Aggarwal's net worth is expected to continue growing as Ola and Ola Electric expand their operations globally.

He has been instrumental in shaping the Indian ride-hailing and electric vehicle industries.

PhonePe's success can be attributed to its innovative approach to fintech.

The company's founder, Sameer Nigam, had a clear vision of making digital payments accessible to the masses. He co-founded PhonePe with Rahul Chari and Burzin Engineer in 2016.

PhonePe's acquisition by Walmart in 2018 was a significant milestone in its journey to success. The deal valued the company at $4.7 billion.

By leveraging fintech, PhonePe has disrupted traditional payment systems and made transactions faster and more convenient.