PhonePe raises $100 Mn more from General Atlantic, total fundraise reaches $850 Mn in 2023


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Walmart-owned fintech decacorn PhonePe has raised another $100 Mn in equity investment from the US-based private equity (PE) firm General Atlantic. Including the latest investment, PhonePe has raised $850 Mn in 2023, 85% of the $1 Bn funding round it started raising in January this year. PhonePe commanded a 50.47% share of the transaction value and 47.39% of the transaction count last month.