Founder & CEO - PhonePe

Joined February 2012
52 Photos and videos
Congratulations to PM @narendramodi on becoming India's longest continuously serving elected Prime Minister. Your audadious 'Viksit Bharat by 2047' vision carries the promise of positively transforming 140 crore Indians' lives. We look forward to more bold, landmark reforms from your government to further accelerate India's march towards this ambitious target. @PMOIndia
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Have got numerous inquiries today asking us whether Rahul & I sold $430Mn worth of our shares 'for personal liquidity'. The short answer is - Absolutely Not! In Sept 2025, all employees of @PhonePe , including both of us founders, were allowed by our Board and shareholders to exercise our vested ESOPs. Exercise of ESOPs triggers an immediate tax obligation on employees in India. To meet our respective tax obligations, the Board also permitted us to sell a fixed number of our shares (== the exact amount of each employees/founders' tax obligation!) to GA via a secondary transaction. The entire secondary capital was deposited to the company, which in turn deposited ~6000Cr total TDS to the tax authorities. NONE of us employees or founders got any personal liquidity as a result of this transaction.
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Time for a little myth busting - - What is Digital Gold? Digital Gold is "Physical Gold sold digitally". It is NOT some sort of a digital token or speculative currency! The main difference between buying physical gold online and buying Digital Gold is this: - If you buy physical gold online, from say Tanishq or Caratlane's websites, then they ship the physical gold to the customer. - If you buy digital gold, from say MMTC-PAMP or SafeGold, then your physical gold is stored in bank-grade secured vaults. It will be shipped to you anytime you ask for it, in multiples of 0.5gms. For every Digital Gold purchase you get a formal tax invoice and a gold certificate, exactly as if you were buying physical gold in a retail shop. - Purity level of Digital Gold? All leading Digital gold sellers sell either 99.9% or 99.5% purity gold. Same as most Gold ETFs. As such, there is no difference in purity levels. - Consumer Protection โ€“ Even though gold is an unregulated sector, all large Digital Gold players do get audited to ensure that all gold purchased digitally is backed by an equal amount of physical gold stored in the vault. Given that Digital Gold is becoming more popular in the country, there is definitely a case for stronger self-governance and audit in this sector. The Digital Gold industry players' recently decision to set up a self-regulatory body (SRO) to monitor quality controls and standardize audits and best practices is a welcome move in that direction. - Tax Rates: - 3% GST has to be paid when you buy gold โ€“ whether you buy Digital Gold or from a jeweler. - Gold ETFs do not attract any GST, because the user cannot actually redeem the gold. So why are lakhs of Indians choosing Digital Gold? 1. Fractional Buying - Most Indians want to, but cannot afford to buy large values (1 gms) of Gold in one shot. Digital Gold allows Indians to buy fractional units of gold, which can be accumulated and redeem later. The average order value of one-off digital gold purchases is Rs 1000-3000/-, which is not enough to buy even 0.1gms of gold. 2. Daily savings habit - The most popular product in the Digital Gold market today is a daily gold accumulating plan called โ€˜Daily gold savingsโ€™ starting at Rs 10/- per day. 3. Convenience โ€“ Digital Gold gives them the option of having their gold stored safely and securely in a vault, instead of having to store somewhere in their own house. 4. Easy liquidity โ€“ Digital Gold can be sold online at any time, without the need to go into a physical jewellery shop.
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Sameer Nigam retweeted
17 Oct 2025
The raw energy of youth in rural Bharat should find joyful expression through some form of sport. Recognition & acknowledgement from mainstream sporting leagues like @PrimeVolley is a crucial step toward encouraging more and more rural youth to take to sport. Congratulations & Best Wishes. -Sg #IshaGramotsavam
Where passion meets purpose ๐ŸŒฑ๐Ÿ Isha Foundation is bringing the spirit of sport to every corner of rural India. From the largest sporting festivals to empowering communities, theyโ€™re turning fields into arenas of dreams. ๐Ÿ’ชโœจ @ishafoundation @SonySportsNetwk @SadhguruJV #IndianVolleyball #PVL4
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Super excited to launch @PhonePe's first ever cobranded Credit Cards with @HDFC_Bank. Introducing Ultimo and Uno!
26 Jun 2025
Your everyday spends deserve extraordinary returns. Introducing @PhonePe X @HDFC_Bank Credit Cards โ€“ Ultimo and Uno. Earn 10% reward points* on UPI payments at ease. Unlock exclusive offers across shopping, dining, travel, and more. Explore Now: phonepe.com/credit-cards/phoโ€ฆ
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Swag se karenge sabka payment ๐Ÿ˜€โค๏ธ๐Ÿ™
UPI เค•เคพ swag๐Ÿค˜ Payments made super easy.
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Another proud milestone for all of us at @PhonePe! We wouldn't be here without the sustained love and support from all our customers and partners. Thank you ๐Ÿ™
26 Aug 2024
Thank you for placing your trust and support in PhonePe. We've reached another important milestone, with revenue crossing โ‚น5,000 Cr and an adjusted Profit After Tax of โ‚น197 Cr for FY23-24. Read more: phonepe.com/press/phonepe-grโ€ฆ
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My personal statement, clarifying my views on the Karnataka draft job reservation bill and its unintended consequences.
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I am 46 years old. Never lived in a state for 15 yrs My father worked in the Indian Navy. Got posted all over the country. His kids don't deserve jobs in Karnataka? I build companies. Have created 25000 jobs across India! My kids dont deserve jobs in their home city? Shame.
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Sameer Nigam retweeted
"We live in a country that's massive. A population that's rich with language and linguistic diversity, so we decided to build a truly localised Appstore."- @_sameernigam, Founder & CEO, PhonePe at #IndusAppstore launch. #IndiaKaAppstore
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Sameer Nigam retweeted
21 Feb 2024
.@PhonePe's Founder & CEO, Sameer Nigam (@_sameernigam) launches the Indus App Storeโ€”India's first homegrown horizontal app store. โœจ @IndusAppstore #IndiaKaAppstoreย #IndusAppstore
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Sameer Nigam retweeted
The wait is finally over! Witness the revolution as Indus Appstore, the first Appstore made for India is all set to be launched today at 4PM. #IndusAppstore #IndiaKaAppstore
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Fake news. Looks like a genuine mistake though.
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Sameer Nigam retweeted
The clock is ticking, and the excitement is building up! ๐Ÿ™Œ๐Ÿ”ฅ Just ๐Ÿ ๐–๐„๐„๐Š๐’ until the grand spectacle of #PVL Season 3๏ธโƒฃ kicks off! ๐Ÿ—“๏ธ: 15th February onwards ๐Ÿ“บ: Sony Sports Network/Sony LIV #RuPayPrimeVolley #AsliVolleyball #AbMachegiDhoom
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Sameer Nigam retweeted
Ab machegi ๐ƒ๐‡๐Ž๐Ž๐Œ - are you ready to roll with #RuPayPrimeVolley Season 3? ๐Ÿ™Œ๐Ÿ”ฅ With Hrithik Roshan steering the excitement, this season is a blockbuster that's waiting to unfold! ๐Ÿ˜ ๐Ÿ—“๏ธ: 15th February onwards. #AsliVolleyball #PVL
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Pizza lovers in Delhi - give @pincode a try!
๐Ÿšจ#Breaking Domino's goes live on ONDC in Delhi-NCR, visible on PhonePe's Pincode app #Dominos #ONDC @ONDC_Official @pincode @chandrarsrikant moneycontrol.com/news/technoโ€ฆ
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Sameer Nigam retweeted
23 Sep 2023
.@PhonePe is no stranger to any of us. The company has been innovating and building for Bharat, disrupting the countryโ€™s payments space continuously. CEO @_sameernigam joins Minister Rajeev Chandrasekhar (@Rajeev_GoI) and @SharmaShradha to announce the launch of its app store. #TechSparks2023 #TheGreatIndianTechade
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Kudos to the government. 7.2% GDP growth amidst all the global turmoil is an incredible achievement! ๐Ÿ‘๐Ÿ‘๐Ÿ‘ Huge investments in physical & digital infra are starting to pay off. Economy is formalizing very rapidly. The ๐Ÿ‡ฎ๐Ÿ‡ณ ๐Ÿฏ is sprinting forward! #ApnaTimeAaGaya ๐Ÿš€๐Ÿš€๐Ÿš€
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