Tiger Global and Ribbit invest another $100 million in PhonePe
TechCrunch
FEBRUARY 14, 2023
Ribbit Capital, Tiger Global and TVS Capital pumped the new $100 million into the startup. A concern for PhonePe’s growth was the Indian regulator enforcing a check on the market cap on each participating player, but its recent extension to the deadline until 2025 has paved way for the startup for another two years of fast-growth.
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