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?
World's Top Companies by Revenue:
Walmart - $648.1B
Amazon - $574.8B
State Grid$ - 545.9B
Saudi Aramco - $494.9B
Sinopec Group - $429.7B
China National Petroleum - $421.7B
Apple - $383.3B
UnitedHealth Group - $371.6B
Berkshire Hathaway - $364.5B
CVS
Can Tiny Walmart survive against the big guys? 🤔
This was the headline in a newspaper in July, 1962.
But now, who's the big guy? 💪
(P.S: What do you think made Walmart what it is today?)
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
It’ll be Beautiful :)
Better service, experience and distribution, reach and volume to many extents, as walmart should help w their strategy.
7 replies16 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
SAI DEVA HARSHA
AI PROMPT ENGINEER ... • 28d
Walmart Expands Tech Operations in India with New Chennai Hub
Walmart is strengthening its tech footprint in India by leasing a massive 465,000 sq. ft. office space in Chennai, set to open in November 2025. This marks a major step in Walmart’s long-
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0 replies11 likes
Thakur Ambuj Singh
🚀 Entrepreneur | Re... • 1m
💰 Winning with Cost Leadership: How Top Brands Dominate Through Affordability 🏆
This visual breaks down how Walmart, Amazon and IKEA leverage cost efficiency to stay ahead! 📉🚀