India's consumer internet platforms hit nation-scale: PhonePe tops 700M users, Paytm 540M, Flipkart 450M

Indian digital platforms report user bases rivaling national populations as UPI, cheap smartphones and digital public infrastructure drive adoption. PhonePe leads at 700M registered users, Paytm 540M, Flipkart 450M registered (180M monthly shoppers), ShareChat 350M MAU, Meesho 120M MAU.

— Filed Fri, 10 Jul, 2026, 20:34 IST · Source Financial Express · BrandWagon · Updated

Indian consumer internet platforms report massive scale: PhonePe crosses 700M registered users, with Paytm, Flipkart, Meesho, Zomato and Swiggy also citing large user/transacting bases driven by UPI, smartphones and digital public infrastructure.