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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?

windsurf sold for $3 Billion cursor now valued at $9 Billion windsurf bought by OpenAI OpenAi is an existing investor of cursor both are vsCode forks vsCode is owned by microsoft Microsoft owns 49% of OpenAi

Famous brands that are owned by other brands

All of these big media brand names are owned by Mukesh Ambani.

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

In Bengal, 62% of small scale industries are owned by women, which is 12% higher than the national average

Since disney hotstar and jio cinema is owned by reliance do you think they'll merge the two apps together

It was crazy to know that top leading detergent brands like surf Excel, Rin and wheel are owned by HUL.