PhonePe acquiring ZestMoney; deal pegged at $200mn-$300mn2 min read 25 Nov 2022, 01:54 PM IST
ZestMoney, founded in 2015, has raised about $140 million till date from marquee investors, including PayU, Zip, Ribbit Capital, Quona Capital, Xiaomi, Omidyar Network, Goldman Sachs. In fiscal 2022, ZestMoney's revenues rose to ₹145 crore from ₹89 crore in FY21, while losses jumped to ₹398.8 crore from ₹125.8 crore a year ago
NEW DELHI: Digital payments and financial services provider PhonePe is the process of acquiring buy-now-pay-later (BNPL) fintech startup ZestMoney, two people aware of the matter told Mint.
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