PhonePe Raises $700 Million at $5.5 Billion Valuation; To Operate as Separate Entity https://beebom.com/wp-content/uploads/2020/12/PhonePe-shutterstock-website.jpg - iTechnow

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Thursday, 3 December 2020

PhonePe Raises $700 Million at $5.5 Billion Valuation; To Operate as Separate Entity https://beebom.com/wp-content/uploads/2020/12/PhonePe-shutterstock-website.jpg

PhonePe has reportedly raised $700 million (~Rs. 5,100 crore) in a fresh round of funding led by Walmart. Announcing the deal on Thursday, Flipkart announced that the payments company, thus far a fully-owned entity of India’s largest e-commerce firm, was being ‘partially’ spun off into a separate entity and will get a new Board of […]

The article PhonePe Raises $700 Million at $5.5 Billion Valuation; To Operate as Separate Entity was first published on Beebom



from Beebom https://beebom.com/phonepe-separate-entity-flipkart/

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