Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc at a pre-money valuation of $12 billion.
from Ribbit Capital, Tiger Global and TVS Capital Funds in the past two months, at the same $12 billion valuation.
American retail behemoth Walmart, which acquired a majority share in PhonePe in 2018, will continue as a majority investor, the Indian company said, without disclosing its stake. Despite a funding winter, the Indian digital payments space has been a bright spot due to the popularity of online payments and startups' ambitions to branch into the lucrative financial services space.
PhonePe said it plans to deploy these funds to build and scale new businesses including insurance, wealth management and lending. PhonePe separated from Indian e-commerce giant Flipkart late last year, when it also shifted its registered headquarters from Singapore to India, with Walmart picking up the nearlyThe relocation, according to some reports, was to ensure an easier entry into the country's highly-regulated financial services industry, especially lending.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Walmart pumps $200 mln in Indian fintech PhonePe in ongoing fundraiseIndian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc at a pre-money valuation of $12 billion.
続きを読む »
Upgrade your tech with a refurbished 13.3″ MacBook Pro, now only $289.99Save over $200 on this refurbished laptop.
続きを読む »
CenterPoint's base rate is increasing. Here's what you need to know about your bill.The state's Public Utility Commission has approved CenterPoint's request to include $200...
続きを読む »
FanDuel Massachusetts Promo Code: Snag $200 in MA, other states for Creighton-NC State, any gameThe FanDuel promo code lets Massachusetts residents to get an incredible offer now that sports betting has gone live.
続きを読む »
Goldman Sachs loses around $200 mln in market upheaval following SVB collapse - FTGoldman Sachs Group Inc lost around $200 million in the market turmoil after the collapse of Silicon Valley Bank, the Financial Times reported on Friday, citing people familiar with the matter.
続きを読む »
Here's why 'ethical' foie gras costs $200 for less than a poundInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
続きを読む »