PhonePe Raises $350 Million, Becomes India’s Most Valuable Payments Firm
Walmart-backed PhonePe said on Thursday it raised $350 million (roughly Rs. 2800 crore) from private equity firm General Atlantic at a $12 billion (roughly Rs. 97,700) valuation, making it India’s most valuable payments firm and giving it funds to expand into the lucrative lending space. A second tranche of investments from marquee global and Indian … Read more