PhonePe’s New Funding Round: Entry Into Highly Regulated Financial Services

PhonePe, India’s most valuable payments company and one of the country’s most highly-valued startups, has recently raised $200 million (nearly Rs. 1,650 crore) from majority backer Walmart at a pre-money valuation of $12 billion (nearly Rs. 99,000 crore). This investment comes as part of its ongoing fundraise of up to $1 billion (nearly Rs. 8,250 crore).

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