cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News

PhonePe raises another $100 mn funds at $12 bn valuation

IANS by IANS
March 25, 2023
Best Fintech Startups India 2019

Leading fintech company PhonePe on Tuesday announced it has raised another $100 million in primary capital from Ribbit Capital, Tiger Global, and TVS Capital Funds, at a pre-money valuation of $12 billion.

The new investment follows the recent $350 million primary fundraise from General Atlantic, a leading global growth equity firm, that PhonePe closed in January.

“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,” Sameer Nigam, CEO and Founder of PhonePe.

PhonePe started its latest fundraise with a target of raising up to $1 billion in capital, post its domicile shift to India.

With this second tranche, the company has already raised $450 million within six weeks from leading investors.

It expects further investments from leading global, as well as prominent high net worth Indian investors in due course.

ADVERTISEMENT

“PhonePe lives by the same values as we do at 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,” said Micky Malka, Founder of Ribbit Capital.

Founded in December 2015, PhonePe has 44 crore registered users and one in four Indians are now on PhonePe.

The company has successfully digitised 3.5 crore offline merchants spread across the country, covering 99 per cent pin codes in the country.

PhonePe is also the leader in Bharat Bill Pay System (BBPS), processing over 45 per cent of the transactions on the BBPS platform.

“We are excited to continue our partnership with PhonePe as they lead the digital payments sector in India, a market we believe is still in the early stages with significant growth potential ahead,” said Scott Shleifer, Partner, Tiger Global.

IANS

IANS

For any query, [email protected]

Related Posts

LTIMindTree GCC
News

LTIMindtree Introduces GCC-as-a-Service for those who want to set up Global Capability Centers

July 1, 2025
TM Forum and Huawei
Press Release

TM Forum and Huawei Jointly Released Two Standard Reports:  AI for BSS and Software Marketplaces Reference Architecture

June 30, 2025
HCLTech OpenAI
Business

HCLTech Partners with OpenAI to Accelerate Generative AI Adoption for Enterprises

June 30, 2025
L&T Technology Services and thyssenkrupp
Business

L&T Technology Services and thyssenkrupp Steering Business Unit Partner to Establish a Global Software Hub

June 30, 2025
Business

Ericsson Strengthens ASIC Development in India with Major R&D Expansion

June 27, 2025
Osaka Sakai Data Center
Technology

HPE and KDDI Partner to Launch Osaka Sakai Data Center for AI Innovation by 2026

June 26, 2025
Tata Hackathon
Technology

Tata Technologies with AWS to Launch Engineering Hackathon Focused on Smart Mobility Innovations

June 26, 2025
Fujitsu
Press Release

Fujitsu’s Uvance Wayfinders consulting empowers customers to evolve business foundations leveraging data and AI

June 26, 2025
Load More
ADVERTISEMENT

Latest Updates

LTIMindTree GCC

LTIMindtree Introduces GCC-as-a-Service for those who want to set up Global Capability Centers

by Deepa Sharma
7 hours ago

TM Forum and Huawei

TM Forum and Huawei Jointly Released Two Standard Reports:  AI for BSS and Software Marketplaces Reference Architecture

by News Desk
1 day ago

HCLTech OpenAI

HCLTech Partners with OpenAI to Accelerate Generative AI Adoption for Enterprises

by Deepa Sharma
1 day ago

L&T Technology Services and thyssenkrupp

L&T Technology Services and thyssenkrupp Steering Business Unit Partner to Establish a Global Software Hub

by News Desk
1 day ago

Ericsson Strengthens ASIC Development in India with Major R&D Expansion

by News Desk
5 days ago

Osaka Sakai Data Center

HPE and KDDI Partner to Launch Osaka Sakai Data Center for AI Innovation by 2026

by Deepa Sharma
6 days ago

Expert Views

Opinion

When AI Empowers Both Networks and Hackers: The New Battlefield for India’s Telecoms

May 20, 2025
Molly Sands AI
AI

AI RIP: 5 Things Knowledge Workers Will Say ‘Sayonara’ to in the Next Decade

March 8, 2025
multi cloud
Cloud

Multi-Cloud Made Simple: Strategies for Smart Business Management

March 5, 2025
Soft Skills
Opinion

Soft Skills and Technical Know-How: A Winning Combination in the Tech Industry

March 4, 2025
Digital Freedom
Cyber Security

Your Data, Their Gold: The Silent Battle for Digital Freedom

February 25, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-
Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami
Leaders Talk

Newgenone bridges the gap between business users and IT teams with its low code capability: Varun Goswami

-
AI chatbots, Prasanna-Kumar
Leaders Talk

Can AI chatbots enhance customer experience and reduce the cost of serving customers?

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved