PhonePe raises one other $100 million from Basic Atlantic
New Delhi, Decacorn fintech agency PhonePe on Monday mentioned it has secured an extra USD 100 million funding from Basic Atlantic. With this fundraising, Basic Atlantic and its co-investors have contributed USD 550 million within the ongoing USD 1 billion funding spherical of PhonePe at a pre-money valuation of USD 12 billion.
“PhonePe is happy to announce that it has secured an extra USD 100 million funding from Basic Atlantic, a number one world development fairness agency, as a part of its ongoing fundraise.
“PhonePe is happy to announce that it has secured an extra USD 100 million funding from Basic Atlantic, a number one world development fairness agency, as a part of its ongoing fundraise.
“This newest tranche brings the entire funding from Basic Atlantic and its co-investors to USD 550 million. The funding reaffirms Basic Atlantic’s conviction in PhonePe’s enterprise and development potential,” PhonePe mentioned in an announcement.
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With this newest main infusion from Basic Atlantic, PhonePe has now raised a complete of USD 850 million of main capital within the present spherical.
Ribbit Capital, Tiger World and TVS Capital Funds have additionally invested through the present funding spherical of the corporate.
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