PhonePe seeks $8 billion value with $1-billion fund-raise http://bit.ly/2wkGwwC - Walletnews For Me

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Sunday, May 26, 2019

PhonePe seeks $8 billion value with $1-billion fund-raise http://bit.ly/2wkGwwC

After Flipkart’s board gave approval to hive off PhonePe, paving the way for a solo fund-raise, the payments platform is in talks to raise about $1 billion from marquee investors like China’s Tencent and Tiger Global, three people aware of the development said.
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