Sameer Nigam

PhonePe redomiciled from Singapore to India in December 2022. The company said it has established a clear corporate structure with each of its new non-payment businesses as fully owned subsidiaries.

PhonePe founders together drew Rs 5 crore salary in FY24, value of ESOPs drops 75%

In FY24, the payments firm revenue increased 73 percent to Rs 5,064 crore

PhonePe’s Sameer Nigam rules out IPO until there is clarity on UPI market share rules

“I don’t want to go public and ask investors to buy shares without being sure that the company’s value is properly represented,” PhonePe's Sameer Nigam said.

PhonePe diversification strategy pays off, high revenue growth likely to sustain

Consistent and sustainable profits at the payments division will probably help the company list publicly within a couple of financial years

PhonePe reports 73% revenue surge to Rs 5,064 crore in FY24, turns adjusted PAT profitable

The company attributed this success to a strategic focus on driving operating leverage through automation and cost efficiencies.

Hoping that regulator won't come to your sector is like living in fool's paradise: PhonePe's Sameer Nigam

The regulators are not getting enough credit for innovations in payments while also ensuring that the market and consumers are protected

Why PhonePe will not join the super app bandwagon

Since its inception, Walmart-backed fintech major PhonePe has broadened its offerings from digital payments to stock broking with Share.Market, commerce via Pincode, and other financial services. Despite this expansion, the CEO stated PhonePe will not consolidate these services into a single super app.

We are close to profitability at the consolidated level in FY24: PhonePe’s Sameer Nigam

PhonePe’s various businesses like Pincode, Indus, lending, and insurance are now structured as subsidiaries and the group will see near profitability at the group level for the last financial year, Nigam said.

'PhonePe was born in Bengaluru...job quota bill comments not intended to insult Karnataka and its people': CEO Sameer Nigam

"PhonePe was born in Bengaluru and we are incredibly proud of our roots in this city... I would first and foremost like to clarify that it was never my intention to insult Karnataka and its people. If my comments hurt anyone’s sentiments in such a way, I am truly sorry," Nigam said in a statement.

'Shame': Phonepe CEO Sameer Nigam reacts to Karnataka's private job quota bill. Viral post

Sameer Nigam took to X (formerly Twitter) to voice his concerns about the bill. 'I am 46-years-old. Never lived in a state for 15+ years. My father worked in the Indian Navy. Got posted all over the country. His kids don't deserve jobs in Karnataka?'

Open-ended definitions in digital competition bill creating chilling effect on startup ecosystem: PhonePe CEO Sameer Nigam

The PhonePe CEO was part of a discussion on the draft bill where stakeholders said they would ask the government to extend the April 15 deadline for the consultation process on the bill.

Had to sell PhonePe to Flipkart so we could compete with Paytm: Sameer Nigam hits out at foreign-owned tag

Nigam revealed that as a result of the company's merger with Flipkart, he didn't own a single share in PhonePe, apart from employee stock options (ESOPs).

We'll get a proportionate share of rival’s customers: PhonePe CEO Sameer Nigam on Paytm crisis

Nigam also spoke in detail about the overall regulatory environment for fintechs and RBI’s action against this rival company. The company in question was given “ample time to accurately respond," he said

Car in California spotted with 'PhonePe' license plate. What the owner said

The mystery was short-lived as the car's owner and PhonePe employee stepped forward to shed light on the situation.

Telcos' demand threatens net neutrality, may spur Big Tech dominance: Startup founders

PhonePe CEO Sameer Nigam, People Group CEO Anupam Mittal, and Innov8's Ritesh Malik explain how, if the principle of net neutrality is diluted in India, may compromise the nation's entrepreneurial and competitive capabilities

PhonePe enters stock broking business with launch of Share.Market app

In 2021, PhonePe began the process of entering India's competitive stockbroking business and was awaiting a license from SEBI for the same.

Watch: An AI anchor asked Nithin Kamath, PhonePe's Sameer Nigam to sing. Their responses are hilarious

While Kamath and Nigam were talking at the Moneycontrol Startup Conclave, AI Kaur asked the two of them to sing a song for her.

Investors, founders may have overestimated potential size of India's startup market: Zerodha, PhonePe

Nithin Kamath and Sameer Nigam agreed that the total addressable market size for startups could be only around 100 million.

PhonePe’s Pincode app: How it stacks up in week 1 of use

Can Pincode — which had over 10,000 downloads on Google Play Store at the time of writing — match up to other apps? Let’s find out.

We need to chart our own destiny: PhonePe's Sameer Nigam on ecommerce foray, competing with Flipkart

On the sidelines of the launch of Pincode, PhonePe co-founder Sameer Nigam talks about the e-commerce foray, plans with lending, why the acquisition of ZestMoney and more.

PhonePe kicks off digital lending pilots, may apply for NBFC licence: Co-founder and CEO Sameer Nigam

PhonePe’s digital lending forays come on the heels of its massive $1 billion fundraise that it announced earlier this year at a $12 billion valuation, which made it India’s most-valued fintech startup

PhonePe's due diligence on ZestMoney was unsatisfactory: Sameer Nigam on deal collapse

Nigam’s comments on the ZestMoney deal falling through were the first official acceptance of the acquisition deal by PhonePe, which it was evaluating since last year and was first reported in November 2022. Both PhonePe, and ZestMoney had stayed away from commenting on it officially

PhonePe launches new app Pincode on ONDC to strengthen its e-commerce play

PhonePe currently operates in the e-commerce space with 'Switch' and has various services that are similar to its biggest rival Paytm. An ONDC foray will further put PhonePe in direct competition with Paytm, which already has an ONDC platform integrated with its application

PhonePe raises another $100 mn from Tiger Global, others at $12 bn valuation

PhonePe plans to deploy these funds to scale up its payments and insurance businesses in India, as well as to launch and aggressively scale new businesses like lending, stockbroking, ONDC-based shopping and account aggregators

PhonePe CEO gets real about Bengaluru’s flood problem: ‘You’re in the valley’

Speaking at the CNN News18 townhall in Bengaluru on Tuesday, PhonePe's Sameer Nigam said that lack of drainage infrastructure and building on land claimed from water bodies has led to a worsening of the city’s flood problem.