PhonePe has agreed to raise USD 100 million from Ribbit Capital, Tiger Global and TVS Capital Funds at a pre-money valuation of USD 12 billion . This new investment would follow the recent USD 350 million primary fundraise that had closed in January 2023.
Our Firm advised PhonePe and Ribbit Capital.
Deal value- USD 100 million
For PhonePe – Saurav Kumar (Partner), Rohit Ambast (Partner), Swathi Sreenath (Principal Associate), Saurabh Raman (Associate) and Shreya Chaturvedi (Associate).
For Ribbit Capital – Winnie Shekhar (Partner), Rajat Jain (Senior Associate) and Aditya Kumar (Associate).
Other law firms involved-
- Khaitan & Co. (led by Vivek Sriram (Partner) and team) represented TVS Capital Funds.
- Gunderson Dettmer (led by Steven L. Baglio (Partner) and team) represented Tiger Global.