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?
Flipkart Swiggy and Zomato are backed by sequioa capital
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gray man
I'm just a normal gu...ย โขย 1m
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
E-commerce giant Flipkart is shifting its holding company from Singapore to India, a big step ahead of its planned IPO in the next 12โ15 months.
The Walmart-backed company, currently valued at $36 billion, has already secured internal approvals for
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
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Kishan Kabra
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Guava Trees Softech Pvtย โขย 1y
Zepto is in a very tough situation nowadays. Their main business of instant grocery delivery is fast losing money, their biggest investor Y combinator just stopped growth stage fund YC Continuity. They have to see other investors or IPO but for ipo t