🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

News

Pods

Back

Mridul Das

Introvert! • 1d

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

Kapil Deb Kalita

Hey I am on Medial • 1d

In December 2020, Flipkart and PhonePe declared a partial split, with Walmart maintaining its majority ownership in PhonePe and the two entities now functioning independently.[30] PhonePe announced the acquisition of $350 million from General Atlantic, a US growth equity firm, at a pre-money valuation of $12 billion.[31] Subsequently, another $100 million was attained in primary capital in February 2023 from Ribbit Capital, Tiger Global, and TVS Capital Funds, followed by $200 million in primary capital from Walmart, and another $100 million from General Atlantic at the same valuation. This brings the total amount of funding raised by PhonePe to $850 million.

0 replies

Recommendations from Medial

Vaibhav Babruwan Shingde

Student • 3m

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

7 replies13 likes

Udyamee

Baki sab thik ? • 9m

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?

14 replies16 likes

Vaibhav Babruwan Shingde

Student • 1m

𝗣𝗵𝗼𝗻𝗲𝗣𝗲’𝘀 $𝟭𝟱𝗕 𝗜𝗣𝗢: 𝗧𝗶𝗴𝗲𝗿 𝗚𝗹𝗼𝗯𝗮𝗹 & 𝗪𝗮𝗹𝗺𝗮𝗿𝘁’𝘀 𝗕𝗶𝗴 𝗕𝗲𝘁 ! • PhonePe is planning to raise approx . $1–2 billion at a valuation of $15 billion via an IPO. • In FY24, PhonePe reported ₹5,064 crore in revenue, with a

2 replies4 likes

Ashish Singh

Finding my self 😶‍�... • 3m

In 2024, Flipkart raised $350 million from Google as part of a funding round led by Walmart, bringing the total for this round to approximately $950 million. This investment aims to enhance Flipkart's digital infrastructure and expand its grocery bus

4 replies12 likes

Chamarti Sreekar

Passionate about Pos... • 1m

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

1 replies13 likes

MK

Hey I am on Medial • 2m

What does primary, secondary and tertiary sale mean in General Trade? Primary Sale: Manufacturer to Distributor Secondary Sale: Distributor to Retailer Tertiary Sale: Retailer to Customer

0 replies1 like

Vishu Bheda

Transforming vision ... • 7m

🚨 Zepto To Raise Over $340 Million at Massive $5 Billion Valuation Raised Around $1 Billion in The Last 60 Days Valuation Also Skyrocketed From $1.4 Billion in August 2023 To $5 Billion in August 2024

9 replies14 likes

Anonymous

Hey I am on Medial • 9m

Mumbai-based edtech unicorn upGrad has reported raised Rs 287.5 crore (approximately $35 million) in debt from EvolutionX, Entrackr reported, citing the company's regulatory filing. The report said the edtech unicorn will use the raised capital for

2 replies15 likes

VCGuy

Believe me, it’s not... • 9m

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

5 replies18 likes

Vikas Acharya
•

Medial • 3m

MUMBAI :Mintifi Finserve, a supply-chain financing startup, secured $180 million in a Series E funding round on 10 December, led by Teachers’ Venture Growth, the late-stage investment arm of Ontario Teachers’ Pension Plan (OTPP), and global investor