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![Inc42 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::605783487.png) Inc42 [@Inc42](/creator/twitter/Inc42) on x 51.1K followers
Created: 2025-07-16 12:27:22 UTC

Payment solutions provider @PhiCommerce has secured INR XXXXX Cr ($5.9 Mn) as a part of its ongoing Series B funding round from existing investor BEENEXT.👇

As per Phi Commerce’s MCA filings accessed by Inc42, the startup allotted XXXXXX Series B compulsorily convertible preference shares at a premium of INR 6,109.7, aggregating to INR 51,34,84,770, to Bee Accelerate Fund X Pte Ltd, earlier this month.

Prior to the current investment, the company raised INR XXXXX Cr in the same round from DG Strategic Investment, in April this year, where it allotted XXXXXX shares then. Collectively, Phi Commerce has raised INR XXXXX Cr in Series B funding round.

Founded in 2015 by Tushar Shankar, Jose Thattil, Anil Sohanlal Sharma and Rajesh Hanumantrao Londhe, Phi Commerce offers an end-to-end, unified and omnichannel digital payments platform to businesses, banks and networks.

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#news #Inc42 #fintech #tech #financialnews #financials #growth #innovation #funding #investment #India #venturecapital #businessnews #business

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**Related Topics**
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[indian rupee](/topic/indian-rupee)

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