Finished implementing phonePe in my company and to my surprise total merchant traffic of phonepe was more than of Paytm, Amazon Pay, flipkart seller and Bharatpe all combined. we may be using Gpay or Paytm for day to day transactions but it's PhonePe
Your thoughts on building Super App like Gojek, Paytm, Phonepe etc.
1 replies3 likes
Udyamee
Stealth • 5m
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?
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
Google Pay + Paytm = PhonePe 💥
What made PhonePe succeed in this market with such competitors❓
Reply what you think about it 🤔👇
26 replies10 likes
Luhas Datta
Stealth • 1m
Many Indian startups mirror American giants:
Flipkart (Amazon)
Ola (Uber)
Paytm (PayPal)
Zomato (Yelp)
While adapting ideas for local markets has driven success, when will we see a truly original global startup from India?