Web2 days ago · PhonePe kicked off its latest round with General Atlantic investing $350 million in January. The following month, it got $100 million from fintech backer Ribbit Capital, TVS Capital Funds and New-York based Tiger Global. In March, the company raised $200 million from Walmart. ET first reported on March 10 that Flipkart cofounder Binny Bansal ... WebNov 29, 2024 · The buyback is part of PhonePe’s latest $1. 5-2 billion funding round led by Walmart, where the American retail titan and private equity fund General Atlantic will pump in primary capital of roughly $1 billion, with the rest comprising a secondary share sale, according to a report in the ET.
Why India’s PhonePe Is The Next Walmart Stock Catalyst
WebMay 13, 2024 · PhonePe plans to become profitable and file for an IPO over the next few years. In March 2024, Walmart-owned homegrown payments company PhonePe became … WebMar 17, 2024 · PhonePe plans to deploy these funds to build and scale new businesses. Fintech major PhonePe has raised an additional $200 million in primary capital from Flipkart parent Walmart at a pre-money valuation of $12 billion. The latest funding comes as a part of PhonePe's ongoing fundraising of up to $1 billion in the capital, following its domicile ... biswas trade center bangladesh
Press Release: PhonePe raises $200Mn in additional …
WebApr 12, 2024 · Walmart-owned fintech major PhonePe has forayed into the world of e-commerce with the launch of a separate hyperlocal app ‘Pincode’—a new brand that … WebMar 30, 2024 · The business has merchant alliances with 10,000 internet brands and 75,000 physical stores, as well as 27 lending partners. PhonePe, which is backed by Walmart, has called off its deal with Zest Money over due diligence concerns, in a setback to the buy-now-pay-later platform that is backed by Goldman Sachs, PayU, and Xiaomi. Recommended … WebMar 17, 2024 · Walmart, which owns the majority of PhonePe, has invested $200 million into the startup. The ongoing round values the Bengaluru-headquartered company at $12 … darty pc portable gaming