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