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Flipkart holds 48% of India Ecom / Qcom market 🔥

SHIV DIXIT

CHAIRMAN - BITE INDU... • 1m

and 77%% Stakes owned by USA walmart

1 replies2 likes
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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?

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Both are now owned by Foreign companies :)

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