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Ansh Kadam

Stealth • 2m

If you are a businessman or starting your own and your idea is truly exceptional you will get funding and the same is demonstrated by PhonePe One of the best decisions of Indian startup history was when Flipkart bought Phonepe. But why so ? Let me explain. In 2016, Phonepe was acquired by Flipkart for $15 Million OR 130 Cr. but the interesting part is that Phonepe’s app wasn’t even launched. And in just 8 years, its valuation has gone from 130 CR. to more than 1 Lakh crore. That means in just 8 years more than 700 times return. Not 700% but 700x (times). And the app was launched 3 months later that means Flipkart invested so much money just on their idea. And today, with 49% market share Phonepe dominates the UPI system. But one thing is known from this that even if you do not have any product, but if your idea is very revolutionary then people are ready to invest in you and your idea. Share the value with someone who may need it.

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Udyamee

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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?

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VCGuy

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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

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Indians can use PhonePe UPI payments in Sri Lanka. It has been officially launched in the country. PhonePe collaborates with LankaPay.

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Laxit Rana

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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

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Anonymous

Anonymous

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So after meesho Flipkart is also going to be profitable. But the intresting thing is phonePe is also on path to be become profitable

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Anonymous
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Anonymous

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I was a user of Google Pay and Paytm but once I started using Phonepe, nothing else was good enough.

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Anonymous
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Anonymous

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Great for early stage founders. Go and apply for Flipkart Leap with your idea today!

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Mr Z

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What was the first product that Apple Inc. launched?

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Anonymous
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Anonymous

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What's the revenue model of phonepe and Gpay?

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