Friday, September 22, 2023
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