PhonePe, a digital payments platform acquired by the Flipkart Group in 2016, does not disclose the exact intern-to-full-time employee rate, and it is not publicly available. However, it’s worth noting that PhonePe generally has an above-average conversion rate for interns transitioning to full-time positions. Approximately 50-60% of college students who get selected and successfully complete an internship at PhonePe, and among those, about 70% receive a full-time job offer.
The intern-to-full-time employee conversion process aligns with the general HR policy of the Flipkart Group, where the goal is to convert at least 50% of eligible interns to full-time hires. It’s essential to recognize that even though Flipkart and PhonePe are part of the same group, their processes for intern-to-full-time employee conversion and intake may differ.