PhonePE

Fintech platform PhonePe has announced that it has raised an additional $200 million in seed capital from Walmart at a pre-money valuation of $12 billion. The company is in the process of raising $1 billion after a foray into India that has been ongoing since last year, a company statement revealed. Also, from several global investors, this company has so far raised $650 million. The funds will be deployed to build and scale new businesses such as insurance, wealth management, lending, stockbroking, ONDC-based procurement and account aggregators. The funding will help PhonePe in its next wave of growth in the…