Thursday, January 19, 2023

PhonePe Raises $350 Million in Funding at $12 Billion Valuation, Becomes India's Most Valuable Payments Firm

PhonePe said on Thursday it raised $350 million from private equity firm General Atlantic at a $12 billion valuation, making it India's most valuable payments firm. A second tranche of investments from marquee global and Indian investors is expected to close next month, a PhonePe spokesperson said, declining to give further details.

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