India Digest: PhonePe receives over $90m from parent; MyGate raises $12m in fresh funding

India Digest: PhonePe receives over $90m from parent; MyGate raises $12m in fresh funding

PhonePe founder & CEO Sameer Nigam

Flipkart-owned digital payments platform PhonePe has received a fresh capital infusion of about $90 million (Rs 742 crore) from its Singapore-based parent, while apartment management solution provider MyGate has raised about $12 million in a new round co-led by Urban Company and Acko.