![PhonePe raises another $100 mn from General Atlantic at $12 bn valuation](https://images.assettype.com/fortuneindia%2F2022-12%2F36d5c907-a749-4b11-aa51-d7855085e39b%2FGettyImages_1240137900.jpg?rect=0,89,1024,512&w=300&q=95)
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.
The current investment comes three months after General Atlantic infused three $350 million in the Indian fintech startup.
With this tranche, the company has raised $650 million from several global investors. It’s PhonePe’s third biggest funding this year alone.
With this second tranche, PhonePe has already raised $450 million within six weeks from investors.
PhonePe plans to invest in new businesses, including insurance, wealth management, and lending.