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PhonePe raises ₹150 crore from majority shareholder Flipkart
short by Rishabh Bhatnagar / on Tuesday, 15 December, 2020
Digital payments platform PhonePe has raised ₹150 crore (about $21 million) funding from majority shareholder and e-commerce giant Flipkart. This comes soon after PhonePe was partially spun off from Flipkart and raised $700 million from Walmart at a post-money valuation of $5.5 billion. As per media reports, PhonePe is planning to go public by 2023 at a $7-10 billion valuation.
read more at Inc42