Indian startups this Week
1. On a weekly basis, startup funding slipped 71% to $125.13 million as compared to $447.6 million raised during the previous week.
2. Praveen Sharma, senior vice president of business at Paytmโs parent entity One 97 Commu
Entirely owned by the Kamathโs :o Valued at 30000 Cr. Bootstrapped. Are they the most successful entrepreneurs of India?
3 replies17 likes
Laxit Rana
ย โขย
Reputeย โขย 5m
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
๐จ Market Share of UPI Apps (July 2024)
โข PhonePe - 48.3%
โข Google Pay - 37%
โข Paytm - 7.82%
โข Others - 6.88%
CRED is Now The 4th Largest UPI Player.
1 replies6 likes
Laxit Rana
ย โขย
Reputeย โขย 6m
PhonePe/Gpay revenue Model :-
Someone anonymously asked about revenue model of these two so let's break it down for him and for everyone else who is interested in it and is not aware of.
I am assuming you are already familiar with such UPI platfor
Walmart owned UPI payment giant PhonePe to enter Indian share market soon! Currently very basic proccess of IPO (Initial public offering) works are going on from PhonePe side.
When PhonePe gets complete approval from SEBI, They share their complete
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?
PhonePe IPO Is Coming!
โข PhonePe is planning an IPO to raise capital at a valuation of $8-10 billion.
โข In 2023, PhonePe raised $200 million from Walmart at a pre-money valuation of $12 billion.
โข PhonePe dominates the UPI payments business with a
Can anyone please tell me about founders or entrepreneurs who didn't do well in their boards or academics and now are really successful??
6 replies5 likes
Mridul Das
Introvert!ย โขย 25d
In 2024 alone India created 115 Soonicorns ( Those valued โฅ$200), these are future ๐ฆ. 32% of them were Fintech.
I'm really surprised to see that.! What do you think which sector will lead 2025 Soonicorns or in other languages - a successful startup