Friday, 24 March, 2023

PhonePe Valuation Hits $12 B Valuation In Fresh Funding

<p>In a fresh investment round, PhonePe&#39;s valuation has increased to $12B as the Indian fintech behemoth prepares for life without parent company Flipkart. The firm said it has secured $350 M and expects to raise up to an additional $650 M as part of the deal. The investment&#39;s initial round was spearheaded by General Atlantic. In late 2020, PhonePe was valued at $5.5 B.</p>