Flipkart owned online payment company Phonepe has raised INR 585.66 Cr ($80.26 Mn) from its Singapore-based parent entity PhonePe Pvt Ltd, formerly known as Flipkart Payments.

According to the Ministry of Corporates filings accessed by Inc42, Phonepe has allotted 13,81,278 shares to its Singapore-based parent company at a premium of INR 4,230 per share.

Previous to this infusion, Phonepe’s parent company had infused INR 698 Cr in the digital payments company.

Related Article: Flipkart Approves Separation Plan For Payments Unit PhonePeMoreover, Phonepe had also received INR 743.5 Cr in April this year.

For this, the company has already identified the offline industry as a major pillar to enhance its growth as a super app. | To read full story, visit https://startuparound.com/read/1575990017.5927258/Phonepe-Receives-INR-585.66-Cr,-Will-Continue-Its-Super-App-Plans?ref=audio_experience