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India: PhonePe raises $20m from Flipkart
FILE PHOTO: The logo of Flipkart is seen on the company s office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa/File photo Premium
Bengaluru: PhonePe Pvt. Ltd has received ₹150 crore fund infusion from Singapore parent PhonePe Pte Ltd, according to documents sourced from business information platform Tofler.
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One of the founders, Nelson Loh, has reportedly left Singapore.
The High Court of Singapore has granted the DBS application to wind up Novena Global Healthcare Pte Ltd (NGHPL).
A scandal hit NGHPL when accounting firm Ernst & Young filed a police report saying that there were allegedly forged signatures in several financial statements of the company.
The group may also face enforcement actions from the Accounting and Corporate Regulatory Authority (Acra) after it discovered several entities linked to the company failed to file annual returns.
Several reports also said that one of the co-founders of NGPL, Nelson Loh, left Singapore.
High Court grants application from DBS to wind up Novena Global Healthcare businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.