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PhonePe on Wednesday said it had raised an additional $100 million from General Atlantic and other investors as part of its ongoing $1 billion fundraise to expand into the lucrative lending space. ....
In January, PhonePe announced raising $1 billion in tranches at a valuation of $12 billion. Since then, the fintech unicorn has raised $350 million from General Atlantic, $100 million from Tiger Global Management, Ribbit Capital and TVS Capital, and $200 million from its largest shareholder Walmart ....
Indian startups receive $10.14 billion in funding in 2020; Zomato, Byju s lead Even though the total investment received in 2020 is lower than that of 2019 ($14.5 billion), the number of deals were higher by 20 percent, the report said PTI | January 27, 2021 | Updated 12:33 IST The report said Bengaluru, Delhi NCR and Mumbai accounted for 90 percent of the startup investments in the country, signalling concentration of angel investors and appetite in these regions Indian startups are estimated to have received $10.14 billion in funding across more than 1,200 deals in 2020 despite the COVID crisis, a report by consulting firm HexGn said. Even though the total investment received in 2020 is lower than that of 2019 ($14.5 billion), the number of deals were higher by 20 percent, the report said. ....