Walmart-backed fintech unicorn PhonePe on Thursday said it has raised $350 million in a fresh funding round, led by private equity firm General Atlantic, that values the company at $12 billion. The round has catapulted PhonePe into one of India’s most valued fintech companies.
The company’s previous round of funding was in November 2022, when it raised $90 million and was valued at $5.5 billion.
