PhonePe raises $200Mn in additional funding from Walmart
This new funding comes as a part of PhonePe’s ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year
Source: livemint.com
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Walmart invests $200 million in Indian mobile payments giant PhonePe
Walmart-backed PhonePe said it plans to deploy the funds to build and scale its insurance, stockbroking, and ONDC-based shopping businesses.
Source: techcrunch.com
PhonePe Raises $200 Mn From Walmart To Scale New Businesses
PhonePe said on Friday (March 17) that it has raised an additional $200 Mn from Walmart, at a pre-money valuation of $12 Bn.
Source: inc42.com
PhonePe Raises $200 mn In Additional Funding From Walmart
With this tranche, the company has raised USD 650 million (around Rs 5,360 crore) from several global investors, PhonePe said in a statement.
Source: india.com
Walmart Q4: Flipkart's Positive Contribution Margin Expanding, PhonePe Demerger Costs Dearly
In its Q4 earnings call, Walmart’s top executives said that Flipkart was fueling the retail major’s GMV and revenue growth.
Source: inc42.com