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Ansh Kadam
Founder & CEO at Bui...ย โขย 1y
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 Phonepeโs app wasnโt 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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VCGuy
Believe me, itโs not...ย โขย 1y
A few days ago, Flipkart introduced its new UPI service, Supermoney. โฎ๏ธThe 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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Laxit Rana
ย โขย
Reputeย โขย 1y
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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Account Deleted
Hey I am on Medialย โขย 11m
PhonePe IPO Is Coming! โข PhonePe is planning an IPO to raise capital at a valuation of $8-10 billion. โข In 2023, PhonePe raised $200 million from Walmart at a pre-money valuation of $12 billion. โข PhonePe dominates the UPI payments business with a
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