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For PhonePe, where network and security issues directly affect its customers and merchant partners, proactive Cloudflare support translates to peace of mind and a boost to broaden its horizon.
"PhonePe started its latest fundraise with a target of raising up to $1 billion in capital, post its domicile shift to India.
Source: https://www.ndtv.com/business/phonepe-raises-another-100-million-valued-at-12-billion-now-3781644
The investment reaffirms General Atlantic's conviction in PhonePe's business and growth potential," PhonePe said in a statement.
Walmart Inc-owned Indian payments firm PhonePe on Monday said that it has secured an additional $100 million from private equity firm General Atlantic, in the latest round of its ongoing $1 billion fundraising.