What Are PhonePe's Expansion Plans?
'We want to achieve overall profitability, and then we would go for an IPO.'
Source: rediff.com
Stay updated with breaking news from Sameer Nigam. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
'We want to achieve overall profitability, and then we would go for an IPO.'
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.
PhonePe’s debut on ONDC, via its new shopping app Pincode, is set to revolutionise hyperlocal commerce
Investment at pre-money valuation of $12 billion aims to boost infrastructure, data centres