PhonePe raises $350 mn from General Atlantic at $12 bn valuation
Founded in December 2015 by Sameer Nigam, Rahul Chari and Burzin Engineer, PhonePe offers a slew of financial services to users. PhonePe was acquired by Flipkart Group in 2016. Last financial year, PhonePe’s consolidated operating revenue more than doubled to ₹1,646 crore from ₹690 crore in FY21.
NEW DELHI: Walmart-owned PhonePe on Thursday said it has $350 million in its latest funding round from General Atlantic at a pre-money valuation of $12 billion.