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PhonePe raises Rs 3000 crore at Rs 98000 crore valuation and plots data centers and new finance bets
Startups
Published on 24 April 2026
The money won’t just boost UPI
PhonePe has raised $350 million (about Rs 3000 crore) led by General Atlantic, valuing the startup at $12 billion (around Rs 98,000 crore). The company says it will invest in infrastructure such as data centers and expand into financial services including insurance, wealth management, and lending. The move follows recent Flipkart-PhonePe ownership separation.
- PhonePe secures $350 million led by General Atlantic
- Valuation reportedly jumps to $12 billion around Rs 98,000 crore
- Plans new infrastructure investments including data centers
- Expands beyond UPI into insurance wealth management and lending
Read the full story at Trak
This summarization was done by Beige for a story published on 
Trak