Phonepe was acquired by Flipkart in 2016.
Later
In Dec 2022, PhonePe separated from Flipkart, but both companies are still owned by Walmart.
So, why need another UPI app?
Can Tiny Walmart survive against the big guys? 🤔
This was the headline in a newspaper in July, 1962.
But now, who's the big guy? 💪
(P.S: What do you think made Walmart what it is today?)
Flipkart purchased Myntra in 2014.
Flipkart purchased Jabong via Myntra in 2016.
Walmart purchase Flipkart in 2018.
Flipkart killed Jabong in 2020.
Is it fair to purchase a company just to kill it?
_S
Tech this week :
One quick thing: SoftBank Vision Funds slip back in the red
In today’s newsletter:
Zomato delivers profit for 4 quarters in a row
Meesho's Walmart connections
GoPool wants to eat Uber-Ola's lunch
0 replies3 likes
Mahesh Jadyar
Stealth • 9m
Which is the Indian made app store?
PhonePe, owned by Walmart Inc., launches Indus Appstore, a new Android-based mobile application store in India to compete with Google's Play Store. The store offers over 200,000 apps and games in 12 Indian language
See More
4 replies10 likes
VCGuy
Stealth • 6m
A few days ago, Flipkart introduced its new UPI service, Supermoney.
⏮️The interesting part: Let's go back a few years -
Dec, 2015: 3 former Flipkart exec's start PhonePe.
Apr, 2016: Flipkart acquires PhonePe for $20 M.
Aug, 2018: Walmart acquires
Mafia Series #3
TESLA MAFIA
Energy Management:
■WeaveGrid - Founded by Archi Rad
■Verse - Founded by John Taggart
■Entrix - Founded by Seyed Madjidia
■AMP - Founded by Max Ostendorff
■Powerline - Founded by Ruchen Zhao
eMobility:
■Monarch
Top 5 failures in the History of the Indian Startup Ecosystem!
What do you think about these startups?
1. Paytm: A Data Leak & An Alleged Extortion Case
2. Walmart-Flipkart Deal Violates Competition Act & FDI Norms Acquisition
3. Amit Bhardwaj: The
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