Leading online payment platform PhonePe to raise funds from General Atlantic at $12Bn valuation

Share via:

Leading online payment unicorn PhonePe is in talks with leading growth equity firm General Atlantic to raise funding at a valuation of more than $12 billion. This would make the payments and financial services company India’s most valuable fintech.

If PhonePe’s funding round with General Atlantic is successful, it will not only surpass Razorpay and Paytm, but will also become a decacorn, joining the likes of Flipkart, Byju’s, and Swiggy. The money will be used to help the Walmart-backed startup achieve its goal of becoming a financial services super app. It intends to provide services ranging from payments to insurance to investments to commerce. PhonePe announced earlier this month that it had relocated its headquarters from India to Singapore.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Leading online payment platform PhonePe to raise funds from General Atlantic at $12Bn valuation

Leading online payment unicorn PhonePe is in talks with leading growth equity firm General Atlantic to raise funding at a valuation of more than $12 billion. This would make the payments and financial services company India’s most valuable fintech.

If PhonePe’s funding round with General Atlantic is successful, it will not only surpass Razorpay and Paytm, but will also become a decacorn, joining the likes of Flipkart, Byju’s, and Swiggy. The money will be used to help the Walmart-backed startup achieve its goal of becoming a financial services super app. It intends to provide services ranging from payments to insurance to investments to commerce. PhonePe announced earlier this month that it had relocated its headquarters from India to Singapore.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

XRP Price Prediction For July 15

XRP holders have had a bumpy ride over...

Blackstone to invest $25 billion in data centers and...

SynopsisGray said Blackstone had identified several sites to...

WordPress Malware Scanner Plugin Contains Vulnerability

Wordfence published an advisory on the WordPress Malcure...

Popular

Upcoming Events

India’s Got Latent row: Samay Raina appears before NCW;...

YouTuber Samay Raina appeared before the National Commission...

Of course, Grok’s AI companions want to have sex...

Elon Musk is a man who named a...

UIDAI calls for mandatory biometric update for children turning...

The Unique Identification Authority of India (UIDAI) on...
IPTV Portugal iptvdfgdfs iptvdfgdfs iptvdfgdfs iptvdfgdfs
IPTV IPTV IPTV IPTV IPTV IPTV IPTV