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General Atlantic invests $350 million at a $12 billion valuation in India’s PhonePe.

Walmart-backed PhonePe announced on Thursday that it raised $350 million from private equity firm General Atlantic at a valuation of $12 billion, making it India’s most valuable payments company and allowing it to expand into the lucrative lending market. Photo: General Atlantic Offices. Shutterstock media A second round of funding from prominent global and Indian...

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