PhonePe, the Indian payments giant owned by Walmart, announced that private equity firm General Atlantic and its co-investors have contributed an additional $100 million in equity as part of its continuing $1 billion fundraising effort. This is the second installment from General Atlantic which made its first investment of $350 million back in January 2023. The pre-money valuation for the deal was $12 billion, making PhonePe the most valuable privately held fintech company in the nation.
PhonePe’s $1 Bn Funding Round: General Atlantic Invests $100M More
