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.
US-based Glade Brook Capital is reportedly in discussions to invest $20–25 million in Sarvam AI’s $320–350 million funding round. The round values the startup at about $1.5 billion. Strategic backers such as Nvidia, Amazon, and HCLTech are also expected to participate alongside venture capital firms, signaling growing international interest in India’s AI boom.
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US investor Lachy Groom is reportedly in talks to invest $15–20 million in Pronto, an instant househelp startup. The proposed round values Pronto at $200 million, a figure that has reportedly doubled since its last funding in March. The surge reflects rising investor appetite for rapid-growth services startups.
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