Tencent, Facebook, Google in talks to acquire stake in PhonePe
Updated : July 18, 2019 07:29 AM IST
The digital payments company is looking to dilute about 10-12 percent stake and is seeking a valuation of $10 billion.
Tencent Holdings, which holds about 5 percent in Flipkart, is looking at a $200-300 million investment in PhonePe.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more