Digital payments firm PhonePe has received $60 million from its Singapore-based parent PhonePe Private Ltd. According to RoC with the MCA, the board of directors has allotted 10,07,670 equity shares to PhonePe’s parent entity for the same.
The fresh capital for PhonePe has come after two months. In December last year, the company had received $82.5 million from its parent entity. During the FY19, it had recorded a 2.4X jump in losses to Rs 1,907 crore with Rs 245.8 crore operational revenue (Source)
