Days following Walmart-owned Flipkart partially spun-off its digital payment entity PhonePe involving $700 million investment into it, the latter has now raised about $20.3 million (Rs 150 crore). The investment has been created by its Singapore-primarily based parent corporation PhonePe Private Limited earlier identified as Flipkart Payments Private Limited, showed regulatory filings sourced from company intelligence platform Tofler. Prior to the two investments, PhonePe had raised capital from Flipkart in April and from the parent entity in February this year. The most current investment requires the all round fund infusion in PhonePe, which competes with Alibaba-backed Paytm, Google Pay, MobiKwik, and most not too long ago Facebook-owned WhatsApp Payments in India, to a tiny more than $1.6 billion.