PhonePe closes $700 Mn round with participation of Tencent and Tiger


Content Team
Image Credit: shortpedia

Digital payments major PhonePe has been dominating the market share in the Unified Payment Interface (UPI) ecosystem at pole position. A $350 million fundraise from new and existing investors should help maintain that dominance. This is the first fundraise for the Bengaluru-based company in 2021 and is part of a $700 million round which it announced in December last year.