PhonePe bags $100M from General Atlantic; total fundraise moves to $850M
The latest infusion is part of an ongoing $1-billion fundraise to build and scale new businesses and support UPI offerings.
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The latest infusion is part of an ongoing $1-billion fundraise to build and scale new businesses and support UPI offerings.
PhonePe has raised another $100 Mn from existing investor General Atlantic and its co-investors as part of its ongoing $1 Bn fundraise.
The round is raised at a pre-money valuation of $12 billion, making PhonePe the most valued (privately-held) fintech firm in the country.
With this tranche, PhonePe has raised $750Mn from several global investors.
PhonePe operates in the e-commerce space with Switch and has services that are similar to its biggest rival, Paytm