PhonePe closes $700 Mn round with participation of Tencent and Tiger
Shortpedia
Content Team
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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.
