PhonePe raises $350 mn at $12 billion valuation
General Atlantic investment makes PhonePe the latest decacorn in India
NEW DELHI : Walmart-owned Indian digital payments app PhonePe has raised $350 million from US private equity firm General Atlantic at a pre-money valuation of $12 billion, becoming the latest decacorn as well as the most valuable homegrown fintech startup. A decacorn is a privately held company valued at $10 billion or more.
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