PhonePe Raises Another $100 Million, Valued At $12 Billion Now
This follows a $350 million primary fundraise by the company on January 19 from General Atlantic.
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This follows a $350 million primary fundraise by the company on January 19 from General Atlantic.
PhonePe has successfully digitised 3.5 crore offline merchants spread across the country, covering 99 per cent pin codes in the country.
The original Money control report regarding PhonePe looking for a new round with investment from General Atlantic and other investors with a $12 billion capitalization emerged in October.
Decacorn fintech PhonePe will use the fresh funding to scale up its payments and insurance businesses in India
The latest investment is the second tranche of the company’s ongoing $1 billion funding round that could see more global investors take part.