India’s PhonePe on Friday said it has raised $200 million in additional funding from its majority shareholder Walmart at a pre-money valuation of $12 billion, in the latest capital raise for the fintech unicorn which aims to raise up to $1 billion in the ongoing round.
The latest capital infusion comes just a month after the company raised $100 million from Ribbit Capital, Tiger Global, and TVS Capital Funds. It had raised $350 million in a fresh funding round led by private equity firm General Atlantic in Jan.
