Published 1 year ago

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

Summary by Ground News

PhonePe plans to deploy these funds to build and scale new businesses like insurance, wealth management, lending, stockbroking, ONDC-based shopping and account aggregators. The fundraising will also help PhonePe "turbo-charge" the next wave of growth for UPI payments in India.

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Times of India

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.

1 year ago·India

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News18 India

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

1 year ago·India

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NDTV

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.

1 year ago·New Delhi, India

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Indian Express

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

1 year ago·India

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Business Standard

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

1 year ago·India

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PhonePe Raises $200 Million From Walmart At Valuation Of $12 Billion

PhonePe Pvt. has raised $200 million, or around Rs 1,650 crore, in additional funding from its current majority investor, Walmart, at a valuation of $12 billion, or Rs 99,000 crore. This is the third installment of a fundraising effort by the payments app to raise $1 billion.

1 year ago

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