Flipkart's digital payments firm PhonePe to raise $700 million from existing investors - Reuters UK

2:24am PST - December 3rd, 2020    facebook stock - Reuters

PhonePe, the digital payments unit of Walmart's Indian e-commerce arm Flipkart, said on Thursday it would sell a stake to existing investors for $700 million (521.92 million pounds), helping it fuel growth in a crowded market that includes Google and Amazon .