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?
Game Changing Growths of India [ PART 3 ]
Flipkart was found in October 2007, in Bengaluru. They initially started by selling books and the initial investments were made by the families of the founders.
In 2012, Flipkart acquired Letsbuy, an online
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Uttkarsh Singh
Learning • 1y
Going into Shark Tank India can change entrepreneurs life and no matter if someone gets a deal or not in the tank they will surely get it from outside.
2 replies8 likes
Uttkarsh Singh
Learning • 1y
Going into Shark Tank India can change entrepreneurs life and no matter if someone gets a deal or not in the tank they will surely get it from outside.
The Reliance & Shein saga:-
After the announcement of Reliance bringing back Shein to India, many people ranting about the Chinese involvement in the company.
But people this is a strategic partnership, means Shein is a technology partner only for R
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mg
News & updates • 29d
How Pankhuri built a ₹40Cr+ women-only platform before being acquired by Reliance
Launched in 2019 by Pankhuri Shrivastava, Pankhuri was a community-led edtech platform for women to learn beauty, wellness, and personal finance through short videos a
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0 replies9 likes
The next billionaire
Unfiltered and real ... • 1m
My opinion: Cursor is a feature that can be launched by vscode any day and this valuation will become a joke. This is one of the most bloated valuation bubble I have ever seen. Unless they get acquired by OpenAI just like windsurf
If you are a businessman or starting your own and your idea is truly exceptional you will get funding and the same is demonstrated by PhonePe
One of the best decisions of Indian startup history was when Flipkart bought Phonepe.
But why so ? Let me