https://www.reuters.com/article/us-india-walmart/flipkarts-digital-payments-firm-phonepe-to-raise-700-million-from-existing-investors-idUSKBN28D0PZ

PhonePe, the digital payments unit of Walmart's Indian e-commerce arm Flipkart, said on Thursday it would sell a stake to existing investors for $700 million, helping it fuel growth in a crowded market that includes Google and Amazon .