General Atlantic led a $350m funding round in PhonePe.

General Atlantic, an American growth equity firm, led a $350m funding round in PhonePe, an Indian digital payments and financial technology company, with participation from Marquee Global. “I would like to thank General Atlantic and all our existing and new investors for the trust they have placed in us. PhonePe is proud to help lead India’s country-wide digitization efforts and believes that this powerful public-private collaboration has made the Indian digital ecosystem a global exemplar. We are an Indian company, built by Indians, and our latest fundraise will help us further accelerate the Government of India’s vision of digital financial inclusion for all,” Sameer Nigam, PhonePe Founder and CEO.