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GA pours $600 mn into PhonePe
Mint New Delhi
|October 31, 2025
Growth equity firm General Atlantic (GA) has infused $600 million (about ₹5,323 crore) in fintech major PhonePe through secondary transactions, more than doubling its stake to 9%, people aware of the matter said.
The secondary funding was done to help PhonePe employees exercise their stock options and meet their tax obligations. The infusion increases GA’s stake in the Walmart-owned firm to 9%, from 4.4% earlier.
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