Walmart-owned PhonePe seeks to raise $1 billion even as global funding dries up for startups2 min read . Updated: 08 Dec 2022, 05:20 PM IST
- The all-equity round is expected to close in the next two weeks and may take PhonePe’s valuation close to $13 billion, including new capital invested
Walmart Inc.-owned digital payments brand PhonePe is seeking to raise as much as $1 billion from General Atlantic and existing investors including Tiger Global Management, Qatar Investment Authority and Microsoft Corp., people familiar with the matter said, even as global funding dries up for startups.
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