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.

Published 3 months ago · India

News Articles

More
Filters

All

Left

Center

Right

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.

3 months ago·Mumbai, India

Read Full Article

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

3 months ago·India

Read Full Article

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.

3 months ago·New Delhi, India

Read Full Article

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

3 months ago·India

Read Full Article