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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 leadership is stable, concerns about profitability and maintaining market share as it diversifies its services are important for potential investors to consider.
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š£šµš¼š»š²š£š²āš $šš±š šš£š¢: š§š¶š“š²šæ šš¹š¼šÆš®š¹ & šŖš®š¹šŗš®šæšāš šš¶š“ šš²š ! ⢠PhonePe is planning to raise approx . $1ā2 billion at a valuation of $15 billion via an IPO. ⢠In FY24, PhonePe reported ā¹5,064 crore in revenue, with a
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Walmart owned UPI payment giant PhonePe to enter Indian share market soon! Currently very basic proccess of IPO (Initial public offering) works are going on from PhonePe side. When PhonePe gets complete approval from SEBI, They share their complete
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Acquiring a majority stake in Pegatron Corp.'s iPhone manufacturing operations in India grants Tata Group access to advanced technology and manufacturing expertise, bolstering its position in the global smartphone market. This move diversifies Tata's
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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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Reliance laid off 42,000 employees in FY24 Reliance Industries laid off around 42,000šØ employees in FY24 compared to a year ago, according to its latest annual report. RILs employee strength stood at 347,362 in FY24 compared to 389,414 in FY23, me
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𤯠ITC š„ ITC paid over Rs 1 crore annual salary to 350 employees in the financial year 2023-24 (FY24), the company said in its annual report. This is 68 more employees than the 282 employees who received over Rs 1 crore salary in the financial ye
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