PhonePe may waive off $18 mn loan extended to ZestMoney: Report

PhonePe is reportedly considering signing a commercial deal with ZestMoney in lieu of an $18 million loan it had given to the lending startup. According to Economic Times, PhonePe could buy ZestMoney's technology stack and hire 150 of its employees. This comes after PhonePe moved back from acquiring ZestMoney over issues related to due diligence.