General Atlantic invests $600 million in PhonePe ahead of IPO; stake rises to 9%: Report
Published on: Oct. 30, 2025, 2:24 p.m. | Source: The Financial Express
General Atlantic has invested $600 million in PhonePe ahead of the fintech’s much-anticipated IPO, increasing its stake to 9%. The private equity firm’s total investment now stands at $1.15 billion. PhonePe plans to raise around Rs 12,000 crore via an offer for sale in late 2025.
