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Agencies Walmart-owned digital payments app Phonepe on Thursday said it has raised $350 million at a valuation of $12 billion in a funding round led by private equity firm General Atlantic. “Marquee Global and Indian investors are also participating in the round,” PhonePe said in a statement adding the investment marks the first tranche of
The fundraise follows PhonePe's recently announced change of domicile to India and full separation from Flipkart.
The fundraise follows the Walmart-owned digital payments app's recently announced change of domicile to India and full separation from Flipkart
Fintech platform PhonePe on Thursday said it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion.Marquee global and Indian investors also participated in the ...
New Delhi, Jan 19: Walmart-owned digital payments app Phonepe on Thursday said it has raised USD 350 million at a valuation of USD 12 billion in a funding round led by private equity firm General Atlantic. “Marquee Global and Indian investors are also participating in the round,” PhonePe said in a statement adding the investment marks the first tranche of an up to USD 1 billion total fundraise that commenced in January 2023. The fundraise follows PhonePe’s recently announced change […]