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\"PhonePe started its latest fundraise with a target of raising up to USD 1 billion in capital, post its domicile shift to India. With this second tranche, it has already raised USD 450 million within six weeks from leading investors. The company expects further investments from leading global, as well as prominent high net worth Indian investors in due course,\" it said in a statement.
PhonePe plans to deploy these funds to scale up its payments and insurance businesses in India, as well as to launch and aggressively scale new businesses like lending, stockbroking, ONDC-based shopping and account aggregators over the next few years.
\"I would like to thank Ribbit Capital, Tiger Global and TVS Capital Funds for reposing their faith in us. We are privileged to have a great set of leading global investors, both existing and new, who believe in our mission of building massive technology platforms to bring at-scale financial and digital inclusion in India,\" PhonePe CEO and Founder Sameer Nigam said.
Ribbit Capital Founder Micky Malka<\/a> said PhonePe's values are in sync with Ribbit.
\"We both believe that better money makes life better. PhonePe's relentless pursuit of this principle in serving consumers and businesses all across India is a mission to live for,\" Malka said.
Tiger Global's Partner Scott Shleifer said the firm is excited to continue its partnership with PhonePe as they lead the digital payments sector in India which is still in the early stages with significant growth potential ahead.
\"PhonePe is the number 1 transaction platform in India with an impressive moat of robust tech capabilities. Its strong growth in financial services across payments, insurance and lending with unopened doors to two massive opportunities through ONDC and Appstore<\/a>, were key reasons in our investment thesis,\" TVS Capital Funds Chairman and Managing Director Gopal Srinivasan said.<\/body>","next_sibling":[{"msid":97924507,"title":"SC considers inputs, closes PIL seeking ban on video communications app 'Zoom'","entity_type":"ARTICLE","link":"\/news\/sc-considers-inputs-closes-pil-seeking-ban-on-video-communications-app-zoom\/97924507","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":97924556,"entity_type":"ARTICLE","title":"PhonePe raises USD 100 mn in additional funding at USD 12 billion valuation","synopsis":"\"PhonePe started its latest fundraise with a target of raising up to USD 1 billion in capital, post its domicile shift to India. With this second tranche, it has already raised USD 450 million within six weeks from leading investors. The company expects further investments from leading global, as well as prominent high net worth Indian investors in due course,\" it said in a statement.","titleseo":"telecomnews\/phonepe-raises-usd-100-mn-in-additional-funding-at-usd-12-billion-valuation","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2023-02-14 21:05:54","lastupd":"2023-02-14 21:07:45","breadcrumbTags":["PhonePe","ribbit","appstore","tvs capital funds","malka","general atlantic","internet"],"secinfo":{"seolocation":"telecomnews\/phonepe-raises-usd-100-mn-in-additional-funding-at-usd-12-billion-valuation"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2023-02-14" data-index="article_1">
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PhonePe提出100美元mn在额外拨款120亿美元估值
“PhonePe开始其最新筹资的目标提高到10亿美元的资金,其住所转向印度。第二部分,它已经筹集了4.5亿美元六周内主要投资者。从全球领先公司预计进一步投资,以及印度著名的高净值投资者适时,”在一份声明中说。
“PhonePe开始其最新筹资的目标提高到10亿美元的资金,其住所转向印度。第二部分,它已经筹集了4.5亿美元六周内主要投资者。从全球领先公司预计进一步投资,以及印度著名的高净值投资者适时,”在一份声明中说。
PhonePe计划部署这些基金扩大其支付和保险业务在印度,以及启动和积极等新企业贷款规模,股票经纪、ONDC-based购物和聚合器在未来几年。
“我要感谢Ribbit资本,老虎全球寄托他们的信仰和电视资本基金在美国。我们荣幸有伟大的全球领先的投资者来说,现有的和新的,相信我们的使命建立大规模的技术平台将大规模金融和数字包含在印度,“PhonePe Sameer尼噶的创始人和CEO说。
Ribbit资本创始人米奇发言说PhonePe值与Ribbit同步。
“我们都相信更好的钱让生活更好。PhonePe无情地追求这一原则的服务消费者和企业在整个印度是一个生活的使命,”发言说。
老虎全球合伙人斯科特·施莱弗表示,公司很高兴继续和PhonePe领导数字支付部门合作在印度仍在早期阶段和巨大的增长潜力。
“PhonePe第一交易平台在印度与令人印象深刻的护城河强劲的科技能力。其金融服务的强劲增长在支付,保险和贷款的弯路通过ONDC和两个巨大的机会应用商店投资理论,关键原因,“电视资本基金董事长和董事总经理斯里尼瓦桑塔·表示。
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