Friday
January 20
2023

PhonePe Raises $350 Million From General Atlantic at $12 Billion Valuation

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Walmart-owned PhonePe on Thursday said it has $350 million in its latest funding round from General Atlantic at a pre-money valuation of $12 billion.

The investment is the first tranch of the company’s latest fundraise that could see marquee global and Indian investors put in up to $1 billion in the fintech firm.

Source: Live Mint (link opens in a new window)

Categories
Finance, Investing
Tags
data, digital finance, digital payments, financial inclusion, impact investing, infrastructure