PhonePe Raises $100 Mn Funding From Ribbit Capital, Others
Decacorn fintech PhonePe will use the fresh funding to scale up its payments and insurance businesses in India
Source: inc42.com
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Tiger, Ribbit, TVS invest $100 million in PhonePe
The latest investment is the second tranche of the company’s ongoing $1 billion funding round that could see more global investors take part.
Source: livemint.com
PhonePe raises $350 mn from General Atlantic at $12 bn valuation
Founded in December 2015 by Sameer Nigam, Rahul Chari and Burzin Engineer, PhonePe offers a slew of financial services to users. PhonePe was acquired by Flipkart Group in 2016. Last financial year, PhonePe’s consolidated operating revenue more than doubled to ₹1,646 crore from ₹690 crore in FY21.
Source: livemint.com
PhonePe Joins Decacorn Club With $350 Mn Funding From General Atlantic
Walmart-owned fintech giant PhonePe has raised $350 Mn in a funding round led by General Atlantic, with participation from other investors
Source: inc42.com
fintech - $1 billion tax slap on PhonePe - Telegraph India
The fintech firm was last valued at around $5.5 billion in December 2020, based on multiple media reports
Source: telegraphindia.com