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Vishnu kumaran

Stealth • 1m

Why does capturing the market matter more than anything? Let's take UPI as an example. While other UPI apps took time to build an excellent, cutting-edge product, Google Pay and PhonePe started by releasing their MVP first and later improved their apps with regular feedback. What happened then? Now, PhonePe and Google Pay hold the largest market share in UPI. Is it true? I made a UPI app in my hometown. When I asked merchants 'Do you have UPI?', they replied, 'We have PhonePe and Google Pay.' Seems obvious that people are more familiar with those brand names. Another incident is when I tried to pay through super.money and showed them the payment proof. They were confused. I asked what happened and then came to know that the shopkeeper was familiar with Google Pay and PhonePe's payment proof UI. Then I clarified it with them. So, if you are a founder of a startup in a competitive market, make sure you roll out your MVP to capture the market. You can always iterate with feedback.

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Chamarti Sreekar

Stealth • 28d

UPI Market Share,December 2024 1- PhonePe - 47.7% 2- Google Pay - 36.7% 3- Paytm - 6.87% 4-Others - 8.73% Phonepe alone have almost 50% market share.

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Vishu Bheda

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PRATHAM

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Google Pay + Paytm = PhonePe 💥 What made PhonePe succeed in this market with such competitors❓ Reply what you think about it 🤔👇

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VCGuy

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A few days ago, Flipkart introduced its new UPI service, Supermoney. ⏮️The 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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Vaibhav Babruwan Shingde

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As you see in the picture , UPI is skyrocketing since 2016 to 2024 to approx . 8B transactions . • companies like Phonepe,Google pay are dominating the market with atleast 80% market share , Paytm market share fall from 13 to 9%. • Government will

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Ashish Singh

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PhonePe is set to launch its IPO, showcasing impressive revenue growth of 74% year-on-year, reaching INR 5,064 crore in FY24. With a 50% market share in India's UPI transactions, it faces competition from Google Pay and Paytm. While the company's lea

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Vishu Bheda

Stealth • 8m

Indians can use PhonePe UPI payments in Sri Lanka. It has been officially launched in the country. PhonePe collaborates with LankaPay.

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Anonymous
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Anonymous

Stealth • 4m

I was a user of Google Pay and Paytm but once I started using Phonepe, nothing else was good enough.

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Vaibhav Babruwan Shingde

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PhonePe IPO Is Coming! • PhonePe is planning an IPO to raise capital at a valuation of $8-10 billion. • In 2023, PhonePe raised $200 million from Walmart at a pre-money valuation of $12 billion. • PhonePe dominates the UPI payments business with a

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