PhonePe’s cofounders Sameer Nigam and Rahul Chari sold a portion of their shareholding to PE firm General Atlantic in September last year, the fintech giant’s updated DRHP showed
The cofounders sold 84.2 Lakh shares each to the US-based firm at a price of INR 2,338.60 per share. The combined transaction size was INR 3,937.32 Cr, with the cofounders netting INR 1,968.66 Cr each
The sale came just five days after both founders were allotted fresh shares. On September 12, 2025, Nigam and Chari were allotted 2.16 Cr equity shares…

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