Indian platforms hit nation-scale user bases as PhonePe crosses 700M registered users
PhonePe leads with 700M registered users, Paytm at 540M and Flipkart at 450M, while Meesho reports 120M MAU. Food delivery shows transacting scale with Zomato/Eternal near 20M and Swiggy at 18M monthly transacting users, all riding accelerating UPI-driven digital adoption.
Indian consumer internet platforms report massive user bases: PhonePe crosses 700M registered users, Paytm 540M, Flipkart 450M, Meesho 120M MAU, while Eternal/Zomato and Swiggy report ~20M and ~18M monthly transacting users, reflecting rapid digital adoption via UPI.
Why this matters
Continues PhonePe's climb to nation-scale reach, echoing prior signals showing PhonePe topping 700M alongside Paytm at 540M and Flipkart at 450M as UPI and smartphones drive Indian consumer platform adoption.
Retail-company signals accelerating at +775100% QoQ.