PhonePe
TMT
Why upcoming startup IPOs look stronger than their predecessors
India’s next wave of venture-backed startups preparing to go public appear better positioned financially than those from the 2021 and ......
TMT
Peak XV-backed Pine Labs targeting IPO in second half of 2025
Indian fintech firm Pine Labs is planning a domestic initial public offering in the second half of 2025 and is ......
Finance
Grapevine: Rohan Misra's Gravity raises $150-mn fund; JioStar to lay off staff
Rohan Misra, son of former SoftBank Vision Fund CEO Rajeev Misra, has raised around $150 million for his new investment ......
General
Grapevine: EQT, Manipal Hospitals, Sahyadri Hospitals, PhonePe, Nuvama in news
Private equity firm EQT and Manipal Hospitals have initiated talks for a stake in Sahyadri Hospitals from a Canadian pension ......
TMT
Walmart-backed PhonePe prepares for stock market debut
Walmart-backed Indian fintech firm PhonePe is beginning preparatory steps for a public listing on the country's stock exchanges, the company said ......
TMT
PhonePe continues to earn nearly entire revenue from payments business
Walmart-owned financial services firm PhonePe, last valued at about $12 billion, continued to derive around 95% of its operating revenue from ......
People
TVS Capital appoints former McKinsey exec as partner
Private equity firm TVS Capital Funds (TCF), which has invested in the likes of GoDigit, PhonePe, and InsuranceDekho, has roped ......
TMT
PhonePe's FY24 revenue rises 74%, standalone payments business turns profitable
Walmart-owned digital payments firm PhonePe’s revenue rose 74% year-on-year in the financial year ended March 2024, aided by the company’s ......
TMT
How India's top-funded startups curbed cash burn as VC funding slowed
India’s top-funded startups reduced their average monthly cash burn rate in the financial year ended March 2023, as they reined ......
TMT
Indian startups' income from VC cash lying in bank deposits, mutual funds jumps again
India’s top technology startups generated high non-operating revenue for the second year in a row during the 12 months through ......