Friday, September 22, 2023
Outlook.com
Outlook India
Outlook Business

Sameer Nigam

While PhonePe already offered users an option to invest in mutual funds through its app, this platform has been launched as a separate entity

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 will utilise the recently generated capital to expand its fintech business in the country

PhonePe raised $350 million from the United States (US) based venture capital (VC) firm General Atlantic in February