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New Deal


Announced

General Atlantic, Ribbit Capital, Tiger Global and TVS Capital led a $200m round in PhonePe.

Financials

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Transaction Value£161m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Venture Capital

Acquisition

Minority

Friendly

Software

application software

mobile recharge

digital payment

India

Cross Border

Private

Private Equity

Pending

Synopsis

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General Atlantic, Ribbit Capital, Tiger Global and TVS Capital, four private equity investors, led a $200m funding round in PhonePe, a fintech platform. "I would like to thank Ribbit Capital, Tiger Global and TVS Capital Funds for reposing their faith in us. We are privileged to have a great set of leading global investors, both existing and new, who believe in our mission of building massive technology platforms to bring at-scale financial and digital inclusion in India," Sameer Nigam, PhonePe CEO and Founder. In April 12, 2023, General Atlantic invested an additional $100m in this round.

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