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PhonePe

TMT

21 October, 2024

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

11 September, 2024

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

26 August, 2024

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 ......

Premium

TMT

09 April, 2024

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 ......

Premium

TMT

03 April, 2024

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 ......

Premium

TMT

29 March, 2024

India's top-funded tech startups reined in FY23 losses as revenue growth slowed

India's top-funded technology startups, which went overboard with expenses to attract talent and customers in 2021-22 thanks to record venture ......

Premium

TMT

20 March, 2024

Separating fact from fiction: how many unicorns does India really have?

Last week, Perfios, a startup offering software-as-a-service (SaaS) solutions, entered the much-coveted unicorn club after raising $80 million from late-stage ......

Premium

General

29 December, 2023

Flashback 2023: Private investments and M&As take a hit as investors show caution

India’s private investment scenario was more or less grim through 2023 as investors shifted stances, tweaked criteria and took more ......

Premium

TMT

27 December, 2023

Flashback 2023: Flipkart, PhonePe lead tech deal value; AI-powered startups new flavour in town

This year may have been sluggish when it came to overall deal momentum of the tech sector in Indian startup ......

Finance

12 December, 2023

PhonePe backer General Atlantic confidentially files for US IPO

Private equity firm General Atlantic has confidentially filed for a U.S. initial public offering, Bloomberg News reported on Monday, citing ......