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Flipkart-parent Walmart places $200Mn in digital funds main PhonePe

Fintech main PhonePe has secured a further $200 million from its guardian firm Walmart. Coming as a part of the digital funds main’s ongoing fundraising of as much as $1 billion, the recent infusion of capital places the pre-money valuation of the upstart to a staggering $12 billion. Walmart had acquired a majority stake in … [Read more…]

Oil & gasoline main Petronas backs Indian battery-tech startup Log9 in $40Mn Collection B fundraise

Petronas, the Malaysian oil & gasoline main, has backed Log9, an Indian deep-tech startup within the EV battery house, by way of a $40Mn Collection B fundraise. The beginning-up witnessed a mixture of fairness and debt increase led by Amara Raja Batteries Ltd. (a significant conventional auto-battery participant in India) and Petronas Ventures and noticed … [Read more…]