PhonePe Bags $350M At $12B valuation

PhonePe Bags $350M At $12B valuation

Company: PhonePe  

Fund Raised: $350 million

Investor: General Atlantic, Marquee Global and more 

CEO: Sameer Nigam

Future Plans: CEO Sameer Nigam said that the raised money will be used for tech upgradation and accelerate growth.

PhonePe, a Walmart-owned brand raised $350 million on Thursday at a $12 billion valuation. The funding round was led by General Atlantic, Indian investors, and Marquee Global. After this funding round, PhonePe will be fully separated from Flipkart.

Also, read Denmark Based Corti AI 27M SeriesSingh SiliconCanals

CEO also said that we are going to introduce new plans like insurance, booking tickets and hotels and much more.

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