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?
The significant growth in Walmart International's advertising arm during the first quarter ended April 30, 2025, was largely fueled by Flipkart's strong performance.
Walmart CFO John David Rainey noted in the earnings call, "... Our advertising bus
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Mahendra Lochhab
Content creator • 5m
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?)
🙏Hi Guys,
Today we will break down the business model of Walmart.
Industry - Retail
📌 The busiest Walmart in the world is in Mexico City! 🇲🇽
It serves over 10,000 customers every single day — that’s like an entire small town walking throug
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Mridul Das
Introvert! • 2m
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