Deal Roundup: Walmart adds $200m for PhonePe

Mar 17, 2023 • Edison Fu

Walmart invested another $200m in PhonePe while Polygon, Ripple and GSR are among the LPs in Blockchain Founders Fund’s $75m second vehicle.

Focused male holding credit card while making payment with smartphone on street

Fund

Blockchain technology provider Polygon, cryptocurrency services provider Ripple and crypto trading firm GSR are among the limited partners for Singapore-based venture capital firm Blockchain Founders Fund’s $75m Fund II. Octava, Neo Global Capital, Appworks, Sebastien Borget, LD Capital and Metavest Capital are also backers.

Funding

Hypermarket operator Walmart invested $200m in India-based digital payment platform…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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