PhonePe is reportedly shutting its US engineering office after four years, Inc42 says
Inc42 reports that the Bay Area team of 7–8 engineers was wound down after PhonePe found the operation wasn't delivering enough value to justify keeping it.
Inc42 reports that the Bay Area team of 7–8 engineers was wound down after PhonePe found the operation wasn't delivering enough value to justify keeping it.
Inc42 reports that PhonePe is shutting its US engineering office, which opened in June 2022 with plans for around 10 engineers to support its next 300 million users. The outlet says the 7–8-engineer team was reportedly wound down after PhonePe found the operation wasn't delivering enough value to continue. Separately, Inc42 says PhonePe has reportedly secured its first international licence in the UAE, allowing it to offer merchant acquiring, point-of-sale and foreign-exchange services. The outlet reports that PhonePe's FY26 operating revenue rose 11.5% to ₹7,920.5 crore, while its net loss widened 62% to ₹2,792 crore.
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Inc42 reports that the Bay Area team of 7–8 engineers was wound down after PhonePe found the operation wasn't delivering enough value to justify keeping it.
Inc42 reports that PhonePe is shutting its US engineering office, which opened in June 2022 with plans for around 10 engineers to support its next 300 million users. The outlet says the 7–8-engineer team was reportedly wound down after PhonePe found the operation wasn't delivering enough value to continue. Separately, Inc42 says PhonePe has reportedly secured its first international licence in the UAE, allowing it to offer merchant acquiring, point-of-sale and foreign-exchange services. The outlet reports that PhonePe's FY26 operating revenue rose 11.5% to ₹7,920.5 crore, while its net loss widened 62% to ₹2,792 crore.