PhonePe raises $350 million at $12 billion valuation
PhonePe raises growth funds at a $12 billion valuation, led by General Atlantic
Walmart-backed Indian digital payments app PhonePe has raised $350 million in a funding round led by private equity firm General Atlantic that valued the company at $12 billion. PhonePe plans to deploy the new funds to make significant investments in infrastructure, including the development of data centers and help build financial services offerings at scale in the country.
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