Page 4 of phonepe

PhonePe raises $350 million at $12 billion valuation

Funding rounds backed by venture capital firms have slowed down, with Indian startups having raised a third lesser last year…

Updated: January 19, 2023 12:16 IST

Walmart, Flipkart, Myntra, sourcing, exports, toy exports, India, suppliers, Doug McMillon, skill development, cash-and-carry format, technology, e-commerce

Walmart gets $1 billion tax bill for PhonePe shift to India

Investors including Tiger Global Management have now purchased shares of PhonePe in India at the new price, leading to tax…

January 5, 2023 14:07 IST

PhonePe, PhonePe flipkart separation, PhonePe flipkart demerged

PhonePe fully demerged: Flipkart

Announces ESOPs worth $700-mn

December 24, 2022 03:15 IST

phonepe, funding, walmart, digital payments, valuation, majority investor, shareholder

PhonePe separates from Flipkart ahead of IPO

“As part of this transaction, existing Flipkart Singapore and PhonePe Singapore shareholders, led by Walmart, have purchased shares directly in…

December 23, 2022 12:35 IST

Relief to UPI market leaders: PhonePe, GPay get 2 more years for 30% share cap rule

Top three make up for 96% of monthly UPI volumes

December 3, 2022 06:15 IST

Sustainable Digitalisation: Dell helps PhonePe go green

The new data centre will reduce the fintech firm’s carbon footprint

Updated: October 31, 2022 18:26 IST

NPCI is believed to be contemplating the extension as it may not be feasible within the current deadline to change the existing ecosystem dynamics where two players – PhonePe and Google Pay – account for over 80% of the market.

Market share cap rule for UPI apps on waiting list

PhonePe is the leading UPI app, with 3 billion transactions and a volume share of over 47% in July, followed…

August 12, 2022 06:15 IST

PhonePe says not planning IPO right now

Flipkart owns about 87 per cent stake in PhonePe, while Walmart has about 10 per cent.

June 16, 2022 16:50 IST

PhonePe prepping for IPO, seeks valuation of $8-10 billion

Recently, a number of internet-led businesses launched their IPOs, including Zomato, CarTrade, Nykaa, Paytm and PolicyBazaar.

June 15, 2022 16:35 IST

PhonePe to acquire 2 wealth management firms as Walmart to take on Amazon in India

PhonePe will buy WealthDesk for about $50 million and OpenQ for nearly $25 million, two sources directly aware of the…

May 18, 2022 13:52 IST

WhatsApp allowed to expand UPI user base to 100 million, says NPCI

The UPI payments feature had gone live on the Meta-owned Whatsapp in November 2020 for 20 million users; the cap…

April 13, 2022 23:50 IST

PhonePe says it crossed 100 million transactions a day; processes over 2.5 billion transactions a month

Ease of Doing Business for MSMEs: Founded in December 2015, PhonePe said it has more than 370 million registered users…

April 13, 2022 13:24 IST

PhonePe acquires freelance platform for micro entrepreneurs to boost enterprise business

Ease of Doing Business for MSMEs: PhonePe works with companies such as Ola, Myntra, Domino’s Pizza, KFC, Indian Oil Corporation,…

March 21, 2022 20:07 IST

PhonePe announces acquisition of GigIndia

As part of the acquisition, GigIndia, which has 1.5 million entrepreneurs and over 100 enterprises as customers, will integrate with…

March 21, 2022 17:57 IST

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‘ChatGPT started making newspapers’: Dawn brutally trolled for AI response in report

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