PhonePe raises $82.5 million from Singapore holding firm - Livemint

PhonePe raises $82.5 million from Singapore holding firm - Livemint

This is the third fund infusion by the parent company into PhonePe in the current financial year.PhonePe was valued at $7 billion by Morgan Stanley in September, and is looking to increase its valuation to around $10 billion

Bengaluru: Digital payments firm PhonePe Pvt. Ltd has received 585.66 crore ($82.5 million) from its Singapore parent. The board of PhonePe approved on 26 November the allotment of about 1.38 million shares to its parent, PhonePe Pvt. Ltd, Singapore, at 4,23… [+1081 chars]

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