My Opinion:
It will be hard for Indians to shift from Google Play Store to Indus it's very good for developers but for consumers... Time will tell
Btw what's your view...?
But canโt really say itโs an Indian thing because PhonePe is owned by flip mart which in turn is owned by Walmart. So the valley still technically owns it ๐คฆ๐ผโโ๏ธ
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Udyamee
Baki sab thik ?ย โขย 10m
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?
Walmart owned UPI payment giant PhonePe to enter Indian share market soon! Currently very basic proccess of IPO (Initial public offering) works are going on from PhonePe side.
When PhonePe gets complete approval from SEBI, They share their complete
India may have created huge technologically advanced Startups based on UPI but in reality it's no more Indian to be honest . US Monopolies in Indian Market in every important sectors.
๐Just take a look.
PhonePe (Owned by Walmart, USA) โ 48.9%
Goog
windsurf sold for $3 Billion
cursor now valued at $9 Billion
windsurf bought by OpenAI
OpenAi is an existing investor of cursor
both are vsCode forks
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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
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Vaibhav Babruwan Shingde
Studentย โขย 2m
๐ฃ๐ต๐ผ๐ป๐ฒ๐ฃ๐ฒโ๐ $๐ญ๐ฑ๐ ๐๐ฃ๐ข: ๐ง๐ถ๐ด๐ฒ๐ฟ ๐๐น๐ผ๐ฏ๐ฎ๐น & ๐ช๐ฎ๐น๐บ๐ฎ๐ฟ๐โ๐ ๐๐ถ๐ด ๐๐ฒ๐ !
โข PhonePe is planning to raise approx . $1โ2 billion at a valuation of $15 billion via an IPO.
โข In FY24, PhonePe reported โน5,064 crore in revenue, with a
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Ashish Singh
Finding my self ๐ถโ๏ฟฝ...ย โขย 4m
In 2024, Flipkart raised $350 million from Google as part of a funding round led by Walmart, bringing the total for this round to approximately $950 million. This investment aims to enhance Flipkart's digital infrastructure and expand its grocery bus
Walmart Expands Tech Operations in India with New Chennai Hub
Walmart is strengthening its tech footprint in India by leasing a massive 465,000 sq. ft. office space in Chennai, set to open in November 2025. This marks a major step in Walmartโs long-
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Ashish Singh
Finding my self ๐ถโ๏ฟฝ...ย โขย 3m
๐Flipkart is preparing for an initial public offering (IPO) expected by the end of 2025 or early 2026. The Walmart-owned e-commerce giant, currently valued at $36 billion, has secured internal approvals to shift its domicile from Singapore to India,