PhonePe to raise $1 Bn from Tencent, Tiger Global
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Online payment platform PhonePe is looking to raise a whopping $1 Bn from marquee investors like China’s Tencent and Tiger Global. The Bengaluru-based payments company is eyeing a boost in its valuation to $7 Bn – $8 Bn and may not go for any deal below this level. The investment talks could take over two-three months to close formally. If the deal is successful, this will be the largest fundraiser for PhonePe.