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.
Back hurt and hollow heart in potato occur due to
The point at which CO2 uptake exactly balances CO2 release is called
Germination percentage of wheat crop is ______
Which act in India governs Plant Quarantine measures to prevent the introduction of pests harmful to crops?
Name the Grape training system where grapevine are connected in a T trellis system and is used for moderately vigorous varieties of grapes.
When was the commercial cultivation of rubber initiated in India?
‘Millets’ were among the first crops to be domesticated in India with several evidence of its consumption during the Indus valley civilization. In ...
National Dairy Research Institute is at
What is the rank of Bihar in terms of production of jute among the States of India ?
Which Himalayan breed of goat is found in Jammu & Kashmir, Himachal Pradesh with long horns, curled backwards, droopy ears, small teats and color is whi...
