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?
Most Probably taxation and probably applying payment processing, lending application with the new entity with RBI
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Startups →
🚀 InsuranceDekho eyes BankSathi acquisition
📊 Byju's pays May salaries from business collections
🚀 Deep tech startup policy in Budget
🚀 Agnikul targets 2025 satellite launch
🚀 Scion-led brands attract VC funds
Tech →
🍔 Flipka
