PhonePe

During the same period, the company received $700 million related to new rounds of equity funding for the company's majority-owned PhonePe subsidiary New Delhi: US retail giant Walmart has increased its stake in Indian e-commerce subsidiary Flipkart as it paid...

From fitness to fintech, here are 12 diverse startup businesses founded by individuals who were once part of the Flipkart team Bengaluru: Flipkart is the model success story of an Indian e-commerce startup. The homegrown e-commerce platform Flipkart was founded...

The device will enable merchants to accept payments via debit cards, credit cards and UPI and it is built on the Android platform New Delhi: Walmart-owned digital payment company PhonePe has launched a point-of-sale (POS) device that will enable merchants to...

The Pincode app will be available initially in Bengaluru and it will expand to other cities after the app achieves transactions of around 10,000 per day New Delhi: Walmart-backed PhonePe on Tuesday announced its foray into local commerce with the launch...

With this tranche, the company has raised a total of $650 million (around Rs 5,360 crore) from several global investors New Delhi: PhonePe, one of India's largest fintech platforms, on Friday said it has raised an additional $200 million (around...

Fintech firm PhonePe has raised about Rs 828 crore in primary capital from new investors Ribbit Capital and TVS Capital Funds with participation from existing investor Tiger Global New Delhi: Fintech firm PhonePe has raised another $100 million (about Rs...

Walmart Inc and other PhonePe shareholders faced nearly USD 1 billion as capital gains tax after the digital payments company shifted its headquarters to India New Delhi: US retail giant Walmart has paid the taxes arising from the shifting of the...

After the complete separation of Flipkart and PhonePe, both entities will continue to operate under US-based retail giant Walmart New Delhi: Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a...

Walmart-owned Flipkart on Thursday said it is working on scaling its loyalty programme, grocery and fashion business while continuing to invest in technology and infrastructure this year as it looks to strengthen its position in the burgeoning Indian e-commerce market. The company, which...

The retailing giant Walmart has reportedly picked up the leading global investment bank and financial services company Goldman Sachs to raise nearly $10 billion via an initial share sale of its Flipkart unit. According to informed sources, Walmart is planning...