PhonePe gets another funding boost worth $100 mn from General Atlantic
With the latest primary infusion, PhonePe has now raised a total of $850 million of primary capital in the current round
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Flipkart records double-digit sales growth in March quarter
Walmart CEO says the retailer has a big opportunity to increase exports from India across quite a few merchandise categories
VC funding in India drops 74% to $2.4 bn in March quarter
Despite the decline, India continues to be a key APAC market for VC funding and stands next only to China in terms of both VC deals volume and value.
PhonePe raises another $100 mn from General Atlantic at $12 bn valuation
The current investment comes three months after General Atlantic infused three $350 million in the Indian fintech startup.
PhonePe rings in ONDC with ‘Pincode’
A new hyperlocal app on the network begins its pilot in Bengaluru, aims 1,00,000 orders a day by the end of the year.
PhonePe launches e-commerce app Pincode
The Pincode app will focus on hyperlocal commerce.
UPI transactions to remain free for customers, clarifies NPCI
Bank account-to-account transactions continue to remain free for customers and merchants, says UPI operator NPCI.
PhonePe raises $200 mn from Walmart at $12 bn valuation
With this tranche, the company has raised $650 million from several global investors. It’s PhonePe’s third biggest funding this year alone.
PhonePe raises $100 million in additional funding
With this second tranche, PhonePe has already raised $450 million within six weeks from investors.
PhonePe users can now use UPI in Singapore, U.A.E., others
Fintech giant PhonePe launches international payments on UPI.
