PhonePe Raises Additional $100 Million Investment From General Atlantic During Ongoing Funding Round

Decacorn fintech firm PhonePe on Monday said it has secured an additional $100 million (about Rs. 828 crore) investment from General Atlantic.

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With this fundraising, General Atlantic and its co-investors have contributed $550 million (roughly Rs. 4,555 crore) in the ongoing $1 billion (roughly Rs. 8,282 crore) funding round of PhonePe at a pre-money valuation of $12 billion (roughly Rs. 99,387 crore).

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"PhonePe is pleased to announce that it has secured an additional $100 million investment from General Atlantic, a leading global growth equity firm, as part of its ongoing fundraise.

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"This latest tranche brings the total investment from General Atlantic and its co-investors to $550 million. The investment reaffirms General Atlantic's conviction in PhonePe's business and growth potential," PhonePe said in a statement.

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With this latest primary infusion from General Atlantic, PhonePe has now raised a total of $850 million (roughly Rs. 7,000 crore) of primary capital in the current round.

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Ribbit Capital, Tiger Global and TVS Capital Funds have also invested during the current funding round of the company.

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PhonePe Raises Additional $100 Million Investment From General Atlantic During Ongoing Funding Round

With this fundraising, General Atlantic and its co-investors have contributed $550 million in the ongoing $1 billion funding round of PhonePe

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Decacorn fintech firm PhonePe on Monday said it has secured an additional $100 million (about Rs. 828 crore) investment from General Atlantic.

Brought to you by Trickyenough

With this fundraising, General Atlantic and its co-investors have contributed $550 million (roughly Rs. 4,555 crore) in the ongoing $1 billion (roughly Rs. 8,282 crore) funding round of PhonePe at a pre-money valuation of $12 billion (roughly Rs. 99,387 crore).

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"PhonePe is pleased to announce that it has secured an additional $100 million investment from General Atlantic, a leading global growth equity firm, as part of its ongoing fundraise.

Brought to you by Trickyenough

"This latest tranche brings the total investment from General Atlantic and its co-investors to $550 million. The investment reaffirms General Atlantic's conviction in PhonePe's business and growth potential," PhonePe said in a statement.

Brought to you by Trickyenough

With this latest primary infusion from General Atlantic, PhonePe has now raised a total of $850 million (roughly Rs. 7,000 crore) of primary capital in the current round.

Brought to you by Trickyenough

Ribbit Capital, Tiger Global and TVS Capital Funds have also invested during the current funding round of the company.

Brought to you by Trickyenough