PhonePe gets $28 million funding from parent Flipkart
- PhonePe recently said that it is working with delivery fleets like Swiggy Genie to meet its offline network stores and deliver goods to customers, during the current situation
- Flipkart-owned payments entity also said that it will end this financial year with more than 275 million users
Bengaluru: PhonePe’s Singapore entity PhonePe Pte Ltd has received a fund infusion of $28 million from parent Flipkart last week, according to the regulatory filings accessed by Mint. This is the first round of funding which the company has raised this financial year.
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