Walmart's PhonePe is raising funds at a $12 bln valuation, or 25 times forecast sales, sixfold rival Paytm's multiple. The premium rests on expectations that PhonePe will secure a coveted lending license, says ShritamaBose
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Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraiseIndian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart Inc at a pre-money valuation of $12 billion.
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