Andamanz.in
No Result
View All Result
Saturday, July 5, 2025
  • Home
  • Business
  • Politics
  • City
  • Crime
  • Entertainment
  • Health
  • Tech
  • Sports
Andamanz.in
  • Home
  • Business
  • Politics
  • City
  • Crime
  • Entertainment
  • Health
  • Tech
  • Sports
No Result
View All Result
Andamanz.in
No Result
View All Result
Home Tech

PhonePe Raises Further $100 Million Investment From General Atlantic Throughout Ongoing Funding Spherical

by Staff Reporter
May 22, 2023
in Tech
0
PhonePe Raises Further 0 Million Investment From General Atlantic Throughout Ongoing Funding Spherical
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Decacorn fintech agency PhonePe on Monday stated it has secured a further $100 million (about Rs. 828 crore) funding from General Atlantic.

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

“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.

“This newest tranche brings the entire funding from General Atlantic and its co-investors to $550 million. The funding reaffirms General Atlantic’s conviction in PhonePe’s enterprise and development potential,” PhonePe said in a statement.

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.

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

The Walmart group firm has over 450 million registered users.

In February, PhonePe raised another $100 million in primary capital from new investors Ribbit Capital and TVS Capital Funds with participation from existing investor Tiger Global, at a pre-money valuation of $12 billion (roughly Rs. 99,400 crore). This followed a $350 million (roughly Rs. 3,000 crore) primary fundraise by the company on January 19 from General Atlantic.

PhonePe plans to deploy these funds to scale up its payments and insurance businesses in India, as well as to launch and aggressively scale new businesses like lending, stockbroking, ONDC-based shopping and account aggregators over the next few years.


Samsung Galaxy A34 5G was recently launched by the company in India alongisde the more expensive Galaxy A54 5G smartphone. How does this phone fare against the Nothing Phone 1 and the iQoo Neo 7? We discuss this and more on Orbital, the Gadgets 360 podcast. Orbital is obtainable on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate hyperlinks could also be mechanically generated – see our ethics assertion for particulars.
Tags: AdditionalAtlanticfundingGeneralgeneral atlanticIndiaInvestmentMillionOngoingphonepephonepe raises additional $100 million investment general atlantic phonepeRaiseswalmart
  • Trending
  • Comments
  • Latest

Illegal Sand Mining: A Menace to Havelock Island

February 12, 2023
Crocodile Scare at Elephant Beach: Child Reptile Sparks Panic Amongst Tourists

Crocodile Scare at Elephant Beach: Child Reptile Sparks Panic Amongst Tourists

May 3, 2025

Eco Diver India Takes a Step Towards Reef Conservation: Offers Free Dive Master Courses to Andaman’s Underprivileged Youths

February 19, 2023
Low stress space shaped over South Andaman Sea, neighbouring area: IMD – Business Standard

Low stress space shaped over South Andaman Sea, neighbouring area: IMD – Business Standard

February 12, 2023
Full Ban on Recognized Single Use Plastic Objects all through the Nation from 1st July 2022

Full Ban on Recognized Single Use Plastic Objects all through the Nation from 1st July 2022

0
Large infrastructure undertaking threatens Great Nicobar Island

Large infrastructure undertaking threatens Great Nicobar Island

0
Absconding accused hotelier arrested from Haryana’s Karnal

Absconding accused hotelier arrested from Haryana’s Karnal

0
Cold Wave Sweeps Northern States Will Proceed For Subsequent 3 Days IMD

Cold Wave Sweeps Northern States Will Proceed For Subsequent 3 Days IMD

0
Hubble Observations Give Forgotten Globular Cluster Its Second to Shine

Hubble Observations Give Forgotten Globular Cluster Its Second to Shine

July 5, 2025
THIS actress made her debut with Shah Rukh Khan, movie was a hit, shared display with Salman, Aamir, Bobby, turned down Rs…, she is…

THIS actress made her debut with Shah Rukh Khan, movie was a hit, shared display with Salman, Aamir, Bobby, turned down Rs…, she is…

July 5, 2025
Climate Satellite tv for pc MethaneSAT Fails After Simply One 12 months in Orbit

Climate Satellite tv for pc MethaneSAT Fails After Simply One 12 months in Orbit

July 5, 2025
Rangat Lady Loses ₹2.7 Lakh in On-line Fraud After Faux Police Name About Her Son Being Concerned in Rape Case

Rangat Lady Loses ₹2.7 Lakh in On-line Fraud After Faux Police Name About Her Son Being Concerned in Rape Case

July 5, 2025

Most Popular

Havelock Island in Darkness: World-Class Vacationer Vacation spot Suffers Each day Blackouts and Digital Shutdowns

Havelock Island in Darkness: World-Class Vacationer Vacation spot Suffers Each day Blackouts and Digital Shutdowns

June 2, 2025
Madurai Paiyanum Chennai Ponnum OTT Launch Date: When and Where to Watch it On-line?

Madurai Paiyanum Chennai Ponnum OTT Launch Date: When and Where to Watch it On-line?

February 12, 2025
Khushi Mukherjee’s BOLD and surprising vogue decisions that stirred up controversies show she is a…

Khushi Mukherjee’s BOLD and surprising vogue decisions that stirred up controversies show she is a…

June 11, 2025
Google, DOJ to Make Closing Push in US Search Antitrust Case

Google, DOJ to Make Closing Push in US Search Antitrust Case

June 2, 2025
Crocodile Scare at Elephant Beach: Child Reptile Sparks Panic Amongst Tourists

Crocodile Scare at Elephant Beach: Child Reptile Sparks Panic Amongst Tourists

May 3, 2025
Dr. Bharati P Pawar Inaugurates Genomic Sequencing Laboratory at RMRC Port Blair; Minister Appreciates Achievements of RMRC

Dr. Bharati P Pawar Inaugurates Genomic Sequencing Laboratory at RMRC Port Blair; Minister Appreciates Achievements of RMRC

December 30, 2022
Andamanz.in

Categories

  • Breaking News
  • Business
  • City
  • Crime
  • Entertainment
  • Environment & Human Interaction
  • Health
  • Local News – Andaman & Nicobar
  • Politics
  • Scuba Diving
  • Sports
  • Tech
  • Tourism & Safety
  • Uncategorized
  • Wildlife & Conservation

Site Navigation

  • Home
  • Contact US
  • Privacy & Policy
  • Terms and Conditions

Recent News

Hubble Observations Give Forgotten Globular Cluster Its Second to Shine

Hubble Observations Give Forgotten Globular Cluster Its Second to Shine

July 5, 2025

© 2022 Andamanz - All Rights Reserved

No Result
View All Result
  • Home
  • Business
  • Politics
  • City
  • Crime
  • Entertainment
  • Health
  • Tech
  • Sports

© 2022 Andamanz - All Rights Reserved