PhonePe has raised $200m as part of an ongoing round
IN BRIEF:
- PhonePe has now raised $650m in recent weeks
- The startup has said that it plans to raise up to $1bn as part of the ongoing round
- The ongoing round values the company at $12bn pre-money
What does this mean?
Judith McKenna, president and CEO of Walmart International said: “We are excited about PhonePe’s future and have confidence in how it continues to expand its offerings and provide access to financial services for Indians at scale. India is one of the world’s most digital, dynamic and fastest growing economies, and we are pleased to have the opportunity to continue to support PhonePe."
