Phi Commerce adds about INR51.34 crore to Series B
BEENEXT’s Bee Accelerate Fund 2 backed the payment technology company through a preference-share allotment.
Phi Commerce raised approximately INR51.34 crore in additional Series B funding, reported on July 16, 2025. The company allotted 83,907 compulsorily convertible preference shares to Bee Accelerate Fund 2, a BEENEXT vehicle.
The investment followed an earlier Series B tranche from DG Strategic Investment. The July allotment represents additional capital for Phi Commerce’s payment technology business.
Phi Commerce develops PayPhi, an omnichannel platform for banks, payment networks and businesses. Its technology supports transactions across digital channels, physical stores and doorstep commerce, alongside payment collection and processing services.