Phonepe raises $200 million from Walmart, valuation at $12 billion

PhonePe raises $200 mn in additional funding from Walmart

PhonePe, one of India's largest fintech platforms, on Friday said it has raised an additional $200 million (around Rs 1,649 crore) in primary capital from Walmart, at a pre-money valuation of $12 billion

PhonePe raises $200 million in additional funding from Walmart

This new funding comes as a part of PhonePe's ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year. With this tranche, the company has raised $650 million (around Rs 5,360 crore) from several global investors, PhonePe said in a statement. The $12 billion pre-money valuation makes Walmart-owned PhonePe the most valuable fintech in the country.

PhonePe Raises $200 Million In Additional Funding From Walmart, Valuation Hits $12 Billion

Indian digital payments firm PhonePe said today it has raised $200 million from majority backer Walmart Inc at a pre-money valuation of $12 billion.

PhonePe Raises $200 Million In Additional Funding From Walmart

The new funding comes as part of PhonePe's ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year

Phonepe raises $200 million from Walmart, valuation at $12 billion

The funding is part of the ongoing fundraise of up to $1 billion, following its shift to India from Singapore last year, Phonepe said in a statement.

Fintech platform PhonePe raises $200 mn in additional funding from Walmart

The new funding comes as a part of PhonePe's ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year