Explore the latest news, in-depth reports, and executive analysis tagged with #General Atlantic.
In this edition, we look into General Atlantic's bet on PhonePe; and why investors are backing startups that want to use voice AI amid spam calls rise.
The IPO will be a pure offer for sale (OFS) of up to 5.06 crores and it will not involve fresh capital raise.
The funding round saw participation from Prudent Investment Managers, Kae Capital, Elev8 Venture Partners, and existing angel investors.
The latest transaction has taken the private equity major's stake in PhonePe from 4.4% to 9%.
Apart from new investors coming in, existing shareholder General Atlantic is also expected to pick additional stake.
