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PhonePe

PhonePe raises $200 million in additional funding from Walmart

With this tranche, the company has raised a total of $650 million (around Rs 5,360 crore) from several global investorsNew Delhi: PhonePe, one of India's largest fintech platforms, on Friday said it has raised an additional $200 million (around...

PhonePe raises $100 million in additional funding at $12 billion valuation

Fintech firm PhonePe has raised about Rs 828 crore in primary capital from new investors Ribbit Capital and TVS Capital Funds with participation from existing investor Tiger GlobalNew Delhi: Fintech firm PhonePe has raised another $100 million (about Rs...

Walmart pays most of tax bill arising from shifting of PhonePe headquarters to India

Walmart Inc and other PhonePe shareholders faced nearly USD 1 billion as capital gains tax after the digital payments company shifted its headquarters to IndiaNew Delhi: US retail giant Walmart has paid the taxes arising from the shifting of the...

PhonePe completes separation from Flipkart

After the complete separation of Flipkart and PhonePe, both entities will continue to operate under US-based retail giant WalmartNew Delhi: Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a...

Flipkart to focus on grocery & fashion biz, scaling loyalty program

Walmart-owned Flipkart on Thursday said it is working on scaling its loyalty programme, grocery and fashion business while continuing to invest in technology and infrastructure this year as it looks to strengthen its position in the burgeoning Indian e-commerce market. The company, which...

Walmart prepares for $10bn Flipkart IPO early next year

The retailing giant Walmart has reportedly picked up the leading global investment bank and financial services company Goldman Sachs to raise nearly $10 billion via an initial share sale of its Flipkart unit. According to informed sources, Walmart is planning...

Flipkart-owned PhonePe to digitise 25 mn small merchants in India

Flipkart-owned PhonePe on Monday said it will enable digital payments for over 25 million small merchants across India in the next one year. The company will also onboard these 'kiranas' on its 'PhonePe for Business' app, offering them end-to-end...

foodpanda, PhonePe partner to strengthen digital payment portfolio

Online marketplace for food delivery foodpanda on Tuesday announced its partnership with PhonePe to enable seamless digital payments for all its users.According to a ANI report: Through the partnership, consumers will be able to choose from several payment options...

Flipkart rejigs top brass, Binny Bansal appointed Group CEO

Leading e-tailer Flipkart on Monday formed a group with its subsidiaries Myntra-Jabong and PhonePe and made co-founder Binny Bansal its Chief Executive Officer (CEO). "In the new structure, Kalyan Krishnamurthy is Flipkart's CEO, Ananth Narayanan Myntra's CEO and Sameer Nigam...

Flipkart crosses 100 million registered customer milestone

Homegrown e-tailer Flipkart has crossed the 100-million registered users mark, becoming the first e-commerce company in the country to hit the milestone. The Bengaluru-based company has doubled its user base over the last year and added 25 million users...
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FinTech major Intellect targets $30-35 million business with its new solutions by 2027

The new solutions launched are in the area of corporate procurement and accounts payable and are aimed at mid...
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