At a value of $12 billion, PhonePe raises $350 million
At a value of $12 billion, PhonePe raises $350 million
The investment, according to PhonePe, is the first installment of a $1 billion capital round.Financial and payment services unicorn The Walmart-backed business PhonePe has secured $350 million
At a value of $12 billion, PhonePe raises $350 million
The fundraising effort by PhonePe comes after the business announced its spin-off from e-commerce startup Flipkart in December.Additionally, the Flipkart spin-off completes PhonePe’s 2022 transformation to a totally Indian.