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? ๐ค
This was the headline in a newspaper in July, 1962.
But now, who's the big guy? ๐ช
(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.
๐Just take a look.
PhonePe (Owned by Walmart, USA) โ 48.9%
Goog
Itโll 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 Medialย โขย 27d
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
Thakur Ambuj Singh
๐ Entrepreneur | Re...ย โขย 12d
๐ฐ Winning with Cost Leadership: How Top Brands Dominate Through Affordability ๐
This visual breaks down how Walmart, Amazon and IKEA leverage cost efficiency to stay ahead! ๐๐
Flipkart purchased Myntra in 2014.
Flipkart purchased Jabong via Myntra in 2016.
Walmart purchase Flipkart in 2018.
Flipkart killed Jabong in 2020.
Is it fair to purchase a company just to kill it?
_S
Tech this week :
One quick thing: SoftBank Vision Funds slip back in the red
In todayโs newsletter:
Zomato delivers profit for 4 quarters in a row
Meesho's Walmart connections
GoPool wants to eat Uber-Ola's lunch