General Atlantic Doubles Down On PhonePe, Invests $600 Mn

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SUMMARY

PhonePe raised $600 Mn from existing investor General Atlantic in a secondary transaction

The investment was aimed at helping employees exercise their stock options and meet tax obligations ahead of the fintech unicorn’s public listing

Last month, Inc42 reported that PhonePe initiated ESOP buyback worth up to INR 700 Cr to INR 800 Cr which would benefit at least 1,000 employees

IPO-bound fintech major PhonePe has raised $600 Mn (INR 5,304 Cr) from its existing investor General Atlantic via a secondary transaction,…



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General Atlantic Doubles Down On PhonePe, Invests $600 Mn


SUMMARY

PhonePe raised $600 Mn from existing investor General Atlantic in a secondary transaction

The investment was aimed at helping employees exercise their stock options and meet tax obligations ahead of the fintech unicorn’s public listing

Last month, Inc42 reported that PhonePe initiated ESOP buyback worth up to INR 700 Cr to INR 800 Cr which would benefit at least 1,000 employees

IPO-bound fintech major PhonePe has raised $600 Mn (INR 5,304 Cr) from its existing investor General Atlantic via a secondary transaction,…



Source link

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.

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