Tagged: sameer nigam

PhonePe Raises Growth Funds at a $12B Valuation, led by General Atlantic

PhonePe, one of India’s largest Fintech platforms, announced it has raised $350 million in funding from General Atlantic, a global growth equity firm, at a pre-money valuation of $12 billion. Marquee Global and Indian investors are also participating in the investment round. The investment marks… Read More

Indian Digital Payments Fintech PhonePe Introduces PhonePe Pulse, an Interactive Data, Insights Portal

India-based PhonePe, a leading Fintech platform that now claims 300 millions users, reveals that it has introduced PhonePe Pulse, which is an interactive website with data, insights and key trends on virtual payments. The PhonePe Pulse website reportedly features millions of transactions made by clients on… Read More

Indian Digital Payments Fintech PhonePe Branches Out from Parent Flipkart, Will Secure $700M in Capital from Existing Investors

India-based digital payments firm PhonePe has branched out from its parent company, the Walmart-owned Flipkart Group. PhonePe is now valued at an estimated $5.5 billion, the company confirmed on December 3, 2020. According to the announcement, Flipkart will maintain its own majority stake of 87%… Read More

Walmart Owned PhonePe Acquires $60 Million in Funding to Expand Operations, Compete with Amazon Pay, Google Pay, Paytm

Bengaluru- based PhonePe, a company owned by the world’s largest retail company Walmart, has acquired INR 4.27 billion (appr. $60 million) in capital from its Singapore-headquartered parent firm – as confirmed by the Registrar of Companies filings and several media reports.  According to documents sourced… Read More

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