Phonepe raises $200 million from Walmart, valued at $12 billion; Walmart to continue holding majority stake

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Economy and Finance

Phonepe raises $200 million from Walmart, valued at $12 billion; Walmart to continue holding majority stake

17 Mar 2023 Zinkpot 191

Financial Express - Phonepe is having an ongoing fundraise of up to $1 billion, following its shift to India from Singapore last year, the company said in a statement. With this tranche, the company has raised $650 million from several leading global investors. Read more

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Economy and Finance

Phonepe raises $200 million from Walmart, valued at $12 billion; Walmart to continue holding majority stake

About author

Zinkpot

Comments

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What makes US Dollars so powerful?

What is a Tri-party Repo?

What is The Annual Survey of Unincorporated Sector Enterprises (ASUSE)?

What is The Cyclically Adjusted Price-to-Earnings (CAPE) Ratio?

What is Adjusted Net Bank Credit (ANBC) in Banking ?

What is The Global Economic Policy Uncertainty (GEPU) Index?

What are Ayushman Arogya Mandirs (AAMs)?

What is e-Shram Portal or National database of unorganised workers (NDUW)?

What is the Pharma Sahi Daam app?

What is the Trade Policy Uncertainty (TPU) Index?

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