News > PhonePe receives over Rs 740 Cr capital infusion from Singapore parent

PhonePe receives over Rs 740 Cr capital infusion from Singapore parent

Flipkart-owned digital payments platform PhonePe has received a fresh capital infusion of about Rs 742 crore from its Singapore-based parent, even as it reported a wider consolidated loss for the 2021-22 financial year. This is the second major capital raise by the company from its parent this year.