Digital payments platform PhonePe has raised INR 150 Cr (about $21 Mn) funding from majority shareholder and ecommerce giant Flipkart. According to the ministry of corporate affairs filings accessed by Mint, PhonePe allocated 198,755 shares to Flipkart’s Singapore-based holding. With this round, Flipkart holds about 87% stake in the payments firm and continues to be a majority investor in the payments entity.