General Atlantic invests another $100 million in PhonePe

General Atlantic has poured another $100 million in PhonePe, three months after leading a $350 million investment in the Indian fintech startup that has so far raised $750 million in an ongoing financing round.
Walmart-backed PhonePe disclosed the investment in a filing with the local regulator on Wednesday. A company spokesperson confirmed the investment. The ongoing round values the Bengaluru-headquartered startup at $12 billion. PhonePe is eyeing to raise as much as another $250 million in the ongoing round.
At a $12 billion valuation, PhonePe is India’s most valuable fintech startup. It co

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