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

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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.

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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.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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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.

Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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