Sameer Nigam is an Indian Entrepreneur who founded PhonePe, a UPI-based online payment system in 2015 and serves as its Chief Executive Officer (CEO). He also served as the Senior Vice President, Engineering at Flipkart. In 2009, he launched his very first venture Mime360, which connects content owners to content publishers. He made a personal investment in an organisation called Artifacia on 14 January, 2016. He was listed in the top Indian business leaders 40 under forty list by The Economic Times. As of 2017, he has a net worth of Rs. 17.7 crore.
Let's go through the success story of Sameer Nigam along with getting a glance on Sameer Nigam's Net worth, Education, personal life, how he founded PhonePe & more.
Sameer Nigam - Biography
|Education||University of Mumbai; University of Arizona; The Wharton School|
|Position||Founder & CEO, PhonePe|
|Net worth||Rs. 17.7 crore ( as of 5 January, 2017 )|
Sameer Nigam - Personal Life
Sameer Nigam currently resides in Bangalore, Karnataka. He made his way from Noida to Mumbai and then finally to Bangalore where his company PhonePe is headquartered. His venture got a tremendous boost from the demonetization policy, which was announced by the Indian government in the same launching year of PhonePe.
Sameer Nigam - Education
Sameer completed his formal education at DPS Noida. He received his Computer Engineering degree from the University of Mumbai. He further went to the University of Arizona for a Master of Science in Computer engineering (1991-2001). Later, he studied Master of Business Administration in Entrepreneurship from The Wharton School, University of Pennsylvania (2007-2009).
Sameer Nigam - Professional Life
Sameer served as the Director of Search Product Development at Shopzilla from May 2001 to June 2007. He then launched his venture, Mime360 in 2009 which is an online social media distribution channel. The company was later acquired by Flipkart.
He served at Flipkart from October 2011 to August 2015. While working for the e-commerce giant, he worked at several divisions including marketing and Engineering as Vice President and Senior Vice President respectively. He further launched his digital wallet platform PhonePe in 2015, where he is positioned as the CEO.
He did exceptionally well in his corporate career with cordial entrepreneurial experiences to his credit. He displayed his skills in product marketing, e-commerce, strategic partnerships, online marketing, digital strategy, user experience, web applications, startups, mobile marketing, digital media, special needs, business development, web development, web analytics and many more.
He is highly skilled in team management, digital marketing, non medical homecare, lead generation, search engine optimization, strategy, mobile applications, mobile advertising and online advertising.
Sameer Nigam - Founder of Mime360
In 2009, Sameer launched his first venture Mime360 (Mallers Incorporation), an online media distribution channel headquartered in Mumbai, India. The company offers exchange platform connecting content owners with content publishers including saregama, Indiatimes, and others.
Mime's security is aided by API Feeds that helps to prevent piracy and allows a large number of publishers to sell the licensed content globally. Most importantly, Mime eliminates various infrastructure costs for partners including content management, storage, and local data centre bandwidth and authorizes content owners to even set regional pricing.
Mime360 was acquired by Flipkart. The e-commerce giant has been looking to acquire small companies to grow the team. After the acquisition, some Mime's employees joined Flipkart to launch a digital music distribution service later. The strong entrepreneurial zeal, vision and experience kept Sameer going and he soon launched another venture.
Sameer Nigam - Founder of PhonePe
Sameer launched his Unified Payments Interface (UPI) based startup, PhonePe in December 2015. He is the Founder and CEO of Bangalore headquartered PhonePe. He is a member of the Board of Directors at the company and advises on Marketing and several other strategies.
Sameer along with two of his friends, Rahul Chari and Burzin Engineer brought the idea of launching and designing an online payment app based on UPI. The PhonePe application went live in August, 2016. It is available to users in over 11 Indian languages.
PhonePe was acquired in by Flipkart in 2016. However, the e-commerce giant came into the ownership of US based Walmart Incorporation in 2018 worth $ 16 billion. The acquisition of PhonePe was with a aim of expanding its online shopping footprint in India.
Sameer Nigam - Honors & Awards
The Wharton Business School, University of Pennsylvania conferred him with the Wharton Venture Award in 2008. He has participated in two events. He attended 16th NASSCOM Product Conclave 2019 on 5 November 2019, held at Bangalore, Karnataka, India, Asia. He attended Money 20/20 Asia 2019 as a Speaker on 19 March, 2019 held at Central Region, Singapore, Asia.
His venture PhonePe was conferred with a list of awards, they are as follows:-
- PhonePe was recognized by National Payments Corporation of India (NPCI) for attracting the largest number of merchant transactions on the UPI network. (2018)
- Received Best Mobile Payment Product or service Category at the IAMAI India Digital Awards 2018
- Won the UPI Digital Innovation Award from NPCI (2018)
- Won the SuperStartUp Asia Award (2018)
- Won the Telecom and Technology category award from India Advertising Awards (2018)
- Won the Best Mobile Payment Product or Service at the 9th India Digital Awards 2019 conducted by IAMAI
- Received the Best Digital Wallet initiative at the 8th annual Indian Retail & eRetail Awards 2019 conducted by Zee Business and The Economic Times.
What is net worth of Sameer Nigam?
Sameer Nigam has net worth of INR. 17.7 crore (as of 2017).
What is revenue of PhonePe?
PhonePe has a revenue of 690 crores INR (2020 - 2021).
What is Sameer Nigam's education?
Sameer Nigam has completed Computer Engineering degree from the University of Mumbai, MS from University of Arizona and MBA in Entrepreneurship from The Wharton School, University of Pennsylvania.
Who is the owner of PhonePe?
PhonePe is owned by Flipkart.
Who is the founder of PhonePe?
Sameer Nigam is the founder of PhonePe.
What is Sameer Nigam's age?
Sameer Nigam is 44 years old.