Happy Friday. After its hive-off from Flipkart, digital payments firm PhonePe’s fundraising continues. Today, the business stated it has actually included another $200 million from its moms and dad Walmart as part of its continuous financing round. This and more in today’s ETtech Top 5. In this letter: ■ Transition at TCS will not be significant: inbound CEO ■ ChatGPT Plus introduced in India ■ ETtech Deals Digest: Lenskart, PhonePe financing rounds prop up financing Walmart invests another $200 million in PhonePe cofounders Sameer Nigam and Rahul Chari Digital payments significant PhonePe has actually racked up another $200 million from its moms and dad Walmart. This belongs to the fintech significant’s continuous funding round which values it at $12 billion. Offer information: We reported on December 23 that PhonePe– after its separation from Flipkart– was wanting to close a financing round of $1.5-2 billion, consisting of secondary share sales, where existing financiers were offering stakes. PhonePe initially stated it had actually raised $350 million from international personal equity significant General Atlantic in January. Next month, the business revealed topped it up with another $100 million a month later on in main capital from Ribbit Capital, TVS Capital Funds (TCF), and New York-based financial investment company Tiger Global. With Walmart’s $200 million being available in, PhonePe has actually now raised $650 million because its separation. Quote, Unquote: “We are thrilled about PhonePe’s future and believe in how it continues to expan
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