FinTech
General Atlantic Doubles Down On PhonePe, Invests $600 Mn
[ad_1]
SUMMARY
PhonePe raised $600 Mn from existing investor General Atlantic in a secondary transaction
The investment was aimed at helping employees exercise their stock options and meet tax obligations ahead of the fintech unicorn’s public listing
Last month, Inc42 reported that PhonePe initiated ESOP buyback worth up to INR 700 Cr to INR 800 Cr which would benefit at least 1,000 employees
IPO-bound fintech major PhonePe has raised $600 Mn (INR 5,304 Cr) from its existing investor General Atlantic via a secondary transaction,…
[ad_2]
Source link