Mumbai, 14/2: Fintech firm PhonePe has raised another $100 million (about Rs 828 crore) 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, the company said on Tuesday.
This follows a $350 million primary fundraise by the company on January 19 from General Atlantic.
“PhonePe started its latest fundraise with a target of raising up to $1 billion in capital, post its domicile shift to India. With this second tranche, it has already raised $450 million within six weeks from leading investors. The company expects further investments from leading global, as well as prominent high net worth Indian investors in due course,” it said in a statement.
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