PhonePe $1.5B-$2B funding round led by Walmart
PhonePe raised $1.8B Series funding round with primary capital infusion and secondary share sale led by Walmart, General Atlantic on August 7, 2022.
- Primary
- PhonePe
- Counterparty
- Walmart, General Atlantic
- Amount
- $1.8B
- Structure
- Series funding round with primary capital infusion and secondary share sale
- Date
- August 7, 2022
- Sub-sector
- Payments
Walmart and General Atlantic inject ~$1B primary capital into PhonePe, separating it from Flipkart with independent shareholding structure; facilitates $700M employee stock buyback.
Source: economictimes.indiatimes.com