PhonePe gets $28 million funding from parent Flipkart

Date posted: Sunday 10 May 2020

PhonePe’s Singapore entity PhonePe Pte Ltd has received a fund infusion of $28 million from parent Flipkart. PhonePe said that in spite of the tough times, the company will not stop investing in advertising and has recently signed in with Doordarshan and other regional channels to run brand advertisements.

(Live Mint)