Phi Commerce Raises INR 51 Cr From BEENEXT

The startup allotted 83,907 Series B compulsorily convertible preference shares at a premium of INR 6,109

Prior to the current investment, the company raised INR 42.73 Cr in the same round from DG Strategic Investment, in April

Collectively, Phi Commerce has raised INR 94.07 Cr in Series B funding round

Payment solutions provider Phi Commerce has secured INR 51.34 Cr ($5.9 Mn) as a part of its ongoing Series B funding round from existing investor BEENEXT.

As per Phi Commerce’s MCA filings accessed by Inc42, the…