PhonePe looks to acquire BNPL startup ZestMoney

It would probably be a “distress sale,” and ZestMoney’s valuation might be considerably lower than it was in its previous fundraising round last year, when it was estimated to be worth about $400 million. Over the past two months, the BNPL startup has held discussions with more prospective purchasers as its liquidity runway has shrunk and it has been unable…
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