Flipkart injects $100m in PhonePe as battle in payments space intensifies

Flipkart injects $100m in PhonePe as battle in payments space intensifies

PhonePe co-founder Sameer Nigam. Photo: Mint

In a bid to battle the rising competition in the digital payments space, PhonePe has raised about Rs 698 crore ($100 million) in fresh infusion from its parent company Flipkart, per company filings with the Registrar of Companies (RoC) sourced by paper.vc.