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?
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
Walmart-backed PhonePe has transitioned into a public company, a significant move toward launching its initial public offering (IPO).
According to its regulatory filing, the startup received shareholder approval during an extraordinary general meeti
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0 replies10 likes
Vaibhav Babruwan Shingde
Student • 5m
PhonePe IPO Is Coming!
• PhonePe is planning an IPO to raise capital at a valuation of $8-10 billion.
• In 2023, PhonePe raised $200 million from Walmart at a pre-money valuation of $12 billion.
• PhonePe dominates the UPI payments business with a
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
🙏Hi Guys,
Today we will break down the business model of Walmart.
Industry - Retail
📌 The busiest Walmart in the world is in Mexico City! 🇲🇽
It serves over 10,000 customers every single day — that’s like an entire small town walking throug
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1 replies4 likes
Amy
Hey I am on Medial • 2m
Hello, looking for small manufacturers who manufacture home decorative goods like showpieces, trays, Walmart or even jewelry. Can partner also. Please contact me.
0 replies3 likes
Vishu Bheda
AI did the magic • 1y
Indians can use PhonePe UPI payments in Sri Lanka. It has been officially launched in the country.
PhonePe collaborates with LankaPay.
4 replies8 likes
Kalash
21. Curious, optimis... • 1m
In 2024:
> Visa made $39.4B - owns no banks
> Spotify made $17.2B - owns no music
> Expedia made $13.7B - owns no hotels
> Lyft made $5.7B - owns no cars
Lesson? Be the middleman.
4 replies23 likes
mg
News & updates • 21d
2024
Uber owns no cars, but made $43.9B
Shopee owns no products, but made $12.4B
Airbnb owns no properties, but made $11.1B