Thursday, June 13, 2024
Outlook India
Outlook Business

General Atlantic

The proposed combination envisages the acquisition of an additional 4.04 per cent shareholding of Acko Technology and Services Private Limited (Acko Tech) by General Atlantic Singapore ACK Pte. Ltd, according to an official release

With this latest primary infusion from General Atlantic, PhonePe has now raised a total of $850 million of primary capital in the current round

The company also plans to use the funds to foray into hyperlocal e-commerce through its new platform, pincode

NoBroker wants to utilise the fund to expand its services to more customers across the present and new cities

The investment brings Amagi’s valuation to $1.4 billion, an increase from its unicorn valuation achieved just seven months prior

With this deal, General Atlantic will own 8 per cent stake, worth Rs 220 crore, in the media unicorn

US-based private equity group General Atlantic may lead the round with an investment of $450-500 million