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Walmart-owned PhonePe has secured an additional $100 million investment from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion. This new funding is part of PhonePe’s ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year. With this tranche, the company has raised a total of $850 million from several global investors. This includes a total of $550 million from General Atlantic alone. PhonePe plans to use the funds to scale its payments and insurance businesses in India. It will also launch and aggressively scale new businesses like lending, stock broking and Open Network for Digital Commerce (ONDC)-based shopping over the next few years.
Which of the following state of India will get the amount of USD 350 million from World Bank for spending towards public healthcare services and other s...
The Reserve Bank of India has approved _______ of surplus transfer to the government for 2022-23 and has maintained the contingency risk buffer 50 basis...
The fourth LEADS (Logistics Ease Across Different States) 2022 report unveiled by the ministry of ________.
The PM Vishwakarma Scheme is primarily designed to support which of the following groups in India?
In which year did UPI daily transactions cross the 500 million mark, representing a significant milestone in digital payments in India?
The Productivity Linked Reward (PLR) Scheme for Major Port Authorities and Dock Labour Board employees has been revised for the period 2020-21 to 2025-2...
India's Credit-to-Deposit (C-D) ratio for 2023-24 increased to what percentage?
How many secondary users can a primary user delegate payment responsibilities to using the UPI Circle feature?
Pradhan Mantri Sukanya Samriddhi Yojana (PMSSY) is-
Which year has been announced by the Kho Kho Federation of India for hosting the first-ever Kho Kho World Cup?