Fintech major PhonePe receives Rs 150 crore capital infusion: Report
Fintech major PhonePe has received about Rs 150 crore from PhonePe Pvt Ltd, Singapore in funding, as per regulatory filings. PhonePe Pvt Ltd, Singapore (formerly Flipkart Payments Pvt Ltd) was allotted 198,755 shares and the total amount paid was Rs 150,00,03,985, according to documents sourced by business intelligence platform Tofler, showed. The resolution was passed on December 2, it added. PhonePe declined to comment on the fund infusion. On December 3, Flipkart had announced a "partial spin-off" of PhonePe. The e-commerce major had said PhonePe is raising USD 700 million (about Rs 5,...
Source: business-standard.com