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PhonePe Secures $200 Million Investment From Walmart: Fueling FinTech Innovation PhonePe was started in 2015 by former executives at Flipkart, Rahul Chari, Sameer Nigam, and Burzin Engineer. Binny and Sachin Bansal’s company then acquired it in 2016. Walmart purchased Flipkart in 2018. PhonePe was also part of that transaction. After NGPay Pvt and FX Mart Pvt, the digital payments company was Flipkart’s third major acquisition. In 2020, PhonePe announced in December that it had raised $700 Million in a Walmart-led funding round. PhonePe was valued at $5.5 billion. PhonePe is currently seeking $1 billion in funding. The Walmart funding was part of the ongoing financing round. PhonePe will use these funds to expand its digital payment services and create new products. To Read More:- https://yourgoogledoc.com/phonepe-secures-200-million-investment-from-walmart-fueling-fintech-innovation/ #fintechappdevelopmentcompany #appdevelopmentcompany #mobileappdevelopment