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
VCGuy
Believe me, it’s not... • 9m
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
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?
Some unicorns in INDIA
(examples)
Food- zomato/Swiggy
Clothing -Zudio/Trends
Travel- Ixigo/MakeMyTrip
Ride-Uber/Rapido
Hotels-Oyo/Goibibo
ecommerce - Flipkart/myntra/Amazon
Payment-Paytm/Phonepe/Bharathpe
Grocery Delivery-zepto/Instamart
MY I