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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

The value of mobile phone manufacturing in India was estimated to amount to 3.5 trillion Indian rupees in fiscal year 2023.

India's gaming industry has grown rapidly, with game downloads increasing from 5.65 billion in 2019 to 9.5 billion in 2023

Flipkart is rapidly increasing its dark store count, targeting 550 locations ahead of the Big Billion Days sale in November. Likely that top selling products on Flipkart like Smartphones, electronics, appliances - will be delivered in minutes.

The significant growth in Walmart International's advertising arm during the first quarter ended April 30, 2025, was largely fueled by Flipkart's strong performance. Walmart CFO John David Rainey noted in the earnings call, "... Our advertising bus

In 1996, Kleiner Perkins invested $8 million for a 15% stake in Amazon. Reflecting on that time, John Doerr, now Chairperson of Kleiner Perkins, shared his insights about Jeff Bezos and Amazon.

Flipkart is preparing for an IPO. Zepto is gearing up for an IPO. Coca-Cola is selling its 40% stake to Jubilant. And Mondelez is interested in acquiring Hershey's.

Flipkart, the ecommerce powerhouse backed by Walmart, is said to be strategically scaling back the expansion of its rapid delivery service, Flipkart Minutes. This adjustment reportedly focuses its reach on the six to eight largest metropolitan areas