PhonePe raises $200 million funding from its largest shareholder Walmart

PhonePe on Friday said it has raised $200 million in additional funding from its largest shareholder Walmart. The funding was raised as part of PhonePe's ongoing $1-billion funding round and at a pre-money valuation of $12 billion. The fintech company has raised $350 million from General Atlantic and $100 million from Tiger Global Management, Ribbit Capital, TVS Capital so far.