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?
Launching UPI would not make a difference untill people link their bank accounts on this app. And why will people link there accounts for UPI on app like Flipkart when they have better apps for it like GPay.
And upi is something which people use mul
See More
4 replies13 likes
VCGuy
Believe me, itโs not...ย โขย 11m
A few days ago, Flipkart introduced its new UPI service, Supermoney.
โฎ๏ธThe 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
Many Industries in India Facing Duopoly
โข Amazon and Flipkart
โข Jio and Airtel
โข Zomato and Swiggy
โข BJP and Congress
Any Other Interesting Names? ๐
2 replies5 likes
PRATHAM
ย โขย
Medialย โขย 1y
Another Competition to break the duopoly of Zomato and Swiggy in Food Delivery Market. Do You think it's gonna work or it's just gimmick by Flipkart.
I think it's pretty good to see new competitors, even though ONDC exists before but maybe Flipkart