India's PhonePe raises $350m at $12b valuation
General Atlantic has invested USD 350m – at a pre-money valuation of USD 12bn – in PhonePe, a digital payments platform that spun out from Indian e-commerce marketplace Flipkart.
Other unnamed international and domestic investors also took part in the round, which represents the first tranche of a planned fundraise of up to USD 1bn, according to a statement. It follows PhonePe...
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