News > PhonePe raises Rs 150 crore from majority stakeholder Flipkart

PhonePe raises Rs 150 crore from majority stakeholder Flipkart

PhonePe Private Limited has received Rs 150 crore fund infusion from Singapore parent PhonePe Private Limited. According to regulatory filings, this is part of a fund infusion into PhonePe by majority shareholder Flipkart Private Limited, Singapore, which owns close to 87 per cent in the payment entity.

The round is independent of the latest $700 million funding PhonePe raised, which was led by Walmart and minority investors such as Tiger Global Management.