PhonePe raises $100 million in additional funding at $12 billion valuation

Fintech firm PhonePe has raised another $100 million (about Rs 828 crore) in primary capital from new investors Ribbit Capital and TVS Capital Funds with participation from existing investor Tiger Global, at a pre-money valuation of $12 billion, the company said on Tuesday.This follows a $350 million primary fundraise by the company on January 19 from General Atlantic. https://ift.tt/eoYIxAU