PhonePe raises 0 million in additional funding from Walmart

PhonePe raises $200 million in additional funding from Walmart

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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India has a unique role to play in global economy: Walmart

India has a unique role to play in global economy: Walmart

Firm creating opportunities for enterprises in the country to grow as part of Walmart’s supply chains Firm creating opportunities for enterprises in the country to grow as part of Walmart’s supply chains India, with its deep pool of talent, proven ability to leapfrog existing digital technologies and extensive manufacturing expertise, has a unique role to […]

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India-built innovations are improving customer experiences for Walmart: Doug McMillon

India-built innovations are improving customer experiences for Walmart: Doug McMillon

Walmart’s global tech team in India built Element, an intelligent and collaborative platform to democratise access to all of the AI and ML initiatives within the company Walmart’s global tech team in India built Element, an intelligent and collaborative platform to democratise access to all of the AI and ML initiatives within the company Innovations […]

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Indias digital lending rules spark disruption firms plan pushback

Indias digital lending rules spark disruption firms plan pushback

India’s stricter digital lending rules have disrupted card services of foreign-backed fintech firms and jeopardised loan offerings of Amazon, prompting companies to chart a lobbying pushback, according to industry sources and a document seen by Reuters. (Sign up to our Technology newsletter, Today’s Cache, for insights on emerging themes at the intersection of technology, business […]

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Walmart to cut hundreds of corporate jobs, reports WSJ

Walmart to cut hundreds of corporate jobs, reports WSJ

Companies including Tesla Inc, Netflix Inc, and Coinbase Global Inc have also been cutting jobs due to slow economic growth Companies including Tesla Inc, Netflix Inc, and Coinbase Global Inc have also been cutting jobs due to slow economic growth Walmart Inc is cutting hundreds of corporate roles in a restructuring effort, the Wall Street […]

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