Thursday, 30 October, 2025
General Atlantic Infuses $600M into IPO-Bound PhonePe
General Atlantic has invested an additional $600 million into the fintech giant PhonePe, boosting its total stake to approximately 9%. The funding, which values the company at $14.5 billion, is largely secondary and is intended to help employees manage tax obligations related to exercising their stock options as the Walmart-backed firm prepares for a local public listing early next year.
Read full story at Economic Times