PhonePe gets $100m, valued at $12bn

Bengaluru: Payment gateway PhonePe has raised another $100 million from American growth equity firm General Atlantic. General Atlantic had invested $350 million in PhonePe earlier this year.

PhonePe is valued at $12 billion. The fintech platform raised $100 million from Ribbit Capital, Tiger Global and TVS Capital Funds (TCF) during a funding round in February.