PhonePe has abandoned its planned acquisition of ZestMoney due to valuation and due diligence issues.
The company’s board of directors and investors have been informed that PhonePe is not proceeding with the acquisition after months of due diligence, and is looking for a buyer as it struggles to raise new funding from investors. Fintech most important PhonePe has reportedly cancelled its plan to gather buy-now-pay-later (BNPL) platform, ZestMoney. The corporation …