General Atlantic raises exposure to India's PhonePe
General Atlantic has invested USD 100m in India’s PhonePe only four months after providing the payments platform with a USD 350m round at a pre-money valuation of USD 12bn.
The private equity firm’s investment last January coincided with PhonePE announcing it would redomicile from Singapore to India and fully separate from its parent company, e-commerce marketplace Flipkart....
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