Phonepe is part of other payment aggregators like MobiKwik which filed for IPO. File. | Photo Credit: K. Murali Kumar Walmart-backed payments aggregator PhonePe has filed for an Initial Public Offering, according to company spokesperson. “PhonePe Limited has filed the Pre-filed Draft Red Herring Prospectus with SEBI and the Stock Exchanges, under Chapter IIA of […]
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Image for representation purpose only. | Photo Credit: Getty Images PhonePe, one of India’s largest fintech platforms, on March 17 said it has raised an additional $200 million (around ₹1,649 crore) in primary capital from Walmart, at a pre-money valuation of $12 billion. This new funding comes as a part of PhonePe’s ongoing fundraise of […]
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PhonePe said that the growth is backed by its leadership in the UPI space where it holds over 50% market share by value. Image for representation purpose only. | Photo Credit: Getty Images/iStockphoto Digital payments platform PhonePe has achieved an annualised total payment value run rate of $1 trillion, or ₹84 lakh crore, mainly on account […]
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PhonePe ATM stickers outside a shop in Delhi. | Photo Credit: Getty Images. Bengaluru E-tailer Flipkart and PhonePe on Friday, December 23, 2022 announced the full ownership separation of PhonePe, a digital payments platform. As part of this transaction, existing Flipkart Singapore and PhonePe Singapore shareholders, led by Walmart, have purchased shares directly in PhonePe […]
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