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India’s PhonePe tops $12 billion valuation in new funding


PhonePe’s valuation has surged to $12 billion in a new funding round as it the Indian fintech giant readies its life without parent firm Flipkart. The Bengaluru-headquartered startup said it has raised $350 million and anticipates raising up to another $650 million as part of the round.
General Atlantic led the first tranche of the investment.
“I would like to thank General Atlantic and all our existing and new investors for the trust they have placed in us. PhonePe is proud to help lead India’s country-wide digitization efforts and believes that this powerful public-p …

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