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December 3, 2020 06:52 am GMT

PhonePe raises $700 million, becomes a separate entity

PhonePe, the crown jewel in Flipkarts acquisition by Walmart, is “partially” spinning off, the Bangalore-based financial services firm said on Thursday. To kick off its new journey, the firm said it has secured $700 million in a new financing round. This round, the name of which was not disclosed, was led by Walmart with participation […]

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