1. A Glimpse into the Indian Economy 👇🏼
2. PhonePe bags another $100 million from General Atlantic in ongoing $1 billion round
PhonePe, a fintech unicorn, has raised an additional $100 million in a new tranche of its ongoing $1 billion round at a valuation of $12 billion.
This brings the total amount raised by PhonePe this year to $850 million. The company plans to use the funds to scale up its payments and insurance businesses in India, as well as launch new ventures such as lending, stockbroking, ONDC-based shopping, and account aggregators.
PhonePe, which was spun off from Flipkart in December, has over 400 million registered users and is the market leader in UPI transactions.
PhonePe bags another $100 million from General Atlantic in ongoing $1 billion round
A podcast 🎙
1947 Operators ✨
My conversation with Tarun Mehta is live!
Against the odds! ⚡️
We defied startup norms and took a different path.
We covered:
- Founding Story
- First believer in Tarun and Ather Energy
- EV policies
- What has the government got it right
- Government's Missed Opportunities
- Why is India Leading in EVs
- Long-term Thinking
- Angel Investing
- What is Tarun's day like
- Tarun's Sleep Routine?
- Tarun Beyond Work?
& Much more
Full conversation on YT: https://bit.ly/3o7qpkG
Worth your attention:
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Top VCs meet in Bengaluru, discuss investment strategies, corporate governance lapses at Indian… Link
US-based Baron Capital marks down Swiggy’s fair value by 34% after Invesco double blow Link
Expect e-commerce to grow between 15–20% year-on-year: Delhivery CEO Link
Tiger Global makes second investment in India in 2023, leads $18.5 mn round in Infinite Uptime Link
US-based Baron Capital marks down Swiggy’s fair value by 34% after Invesco double blow Link