PE-VC Fund Investments
Payment solutions provider Phi Commerce gets $6-M from Beenext Ventures
Pune-based omnichannel payment solutions provider Phi Commerce has raised INR 51.34 crore (USD 6 million) in its ongoing Series B round from existing investor Beenext Ventures.With this, the investment raised by the company in the Series B comes to USD 11 million, including the USD 5 million secured in April of this year from DG Strategic Investment.Founded in 2015 by Jose Thattil, Anil Sharma, Rajesh Londhe, Tushar Shankar and Ramkumar Subbaraj, Phi Commerce offers an omnichannel payments platform for businesses, banks, and networks. Its flagship product, PayPhi, claims to streamline complex digital transactions across online, in-store, on-the-go, and doorstep channels.
Between Nov 2020 and Apr 2025, Phi Commerce had attracted about USD 19 M from Beenext and others.For FY24, Phi Commerce had reported about INR 81 Cr in Operating Income and about INR 29 Cr in Net Loss.
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