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?
India may have created huge technologically advanced Startups based on UPI but in reality it's no more Indian to be honest . US Monopolies in Indian Market in every important sectors.
📑Just take a look.
PhonePe (Owned by Walmart, USA) – 48.9%
Goog
The JioHotstar domain is now officially owned by Viacom18, an RIL subsidiary, putting an end to months of legal and commercial disputes.
4 replies3 likes
Rohan Saha
complicated Investor • 4m
Around 2021, many alternative investment platforms like P2P, asset leasing, co-owned real estate, etc., were growing rapidly. However, now the majority of these companies are struggling to attract even a single customer. As Indian investors are becom