PhonePe raises another $100 mn from General Atlantic at $12 bn valuation
The current investment comes three months after General Atlantic infused three $350 million in the Indian fintech startup.
The current investment comes three months after General Atlantic infused three $350 million in the Indian fintech startup.
With this tranche, the company has raised $650 million from several global investors. It’s PhonePe’s third biggest funding this year alone.
With this second tranche, PhonePe has already raised $450 million within six weeks from investors.
PhonePe plans to invest in new businesses, including insurance, wealth management, and lending.