![](https://timesofindia.indiatimes.com/photo/98138144.cms)
In December 2022, both Flipkart and PhonePe announced their separation formally and the latter has raised $450 million in new funding since then from investors like General Atlantic, Tiger Global, Ribbit Capital and TVS Capital Funds. The company is aiming to raise around $1 billion in primary capital in this round.
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