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 purchased Myntra in 2014.
Flipkart purchased Jabong via Myntra in 2016.
Walmart purchase Flipkart in 2018.
Flipkart killed Jabong in 2020.
Is it fair to purchase a company just to kill it?
_S
The creators of USDT have announced a new cryptocurrency backed by gold - aUSDT. šŖ
Alloy will become an entire pool of currencies backed by precious metals. The first in the pool is the aUSDā® token. Its value is $1, but there's a twist. The token i
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0 replies6 likes
Kishan Kabra
Ā ā¢Ā
Guava Trees Softech PvtĀ ā¢Ā 8m
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
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44 replies30 likes
Arcane
StealthĀ ā¢Ā 2m
Can Tiny Walmart survive against the big guys? š¤
This was the headline in a newspaper in July, 1962.
But now, who's the big guy? šŖ
(P.S: What do you think made Walmart what it is today?)
14 replies14 likes
Kishan Kabra
StealthĀ ā¢Ā 4m
BlackBuck filed a DRHP for IPO willing to raise ā¹550 crores backed by Flipkart & Accel.
Indian trucking market is huge still unorganized, unexplored from many ends, expected to grow to $44B by 2032 exhibiting a growth rate (CAGR) of 7.86% during 202
A few days ago, Flipkart introduced its new UPI service, Supermoney.
ā®ļøThe 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
Flipkart Introduces Rs 3 Platform Fee on Orders
In a recent move, Flipkart has quietly started implementing a Rs 3 platform fee on all orders. This development follows similar steps taken by food delivery giants Zomato and Swiggy, who have also intr