Walmart
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 ......
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
Google to invest $350 mn in Flipkart at $37 bn valuation
Alphabet's Google will pick up a minority stake worth $350 million in Walmart-backed Flipkart, valuing the Indian e-commerce firm at ......
General
Grapevine: Tata Sons looks to sell stake in super app arm; Binny Bansal floats new venture
Tata Sons has kickstarted the process to sell a minority stake in Tata Digital Pvt. Ltd, which operates the group’s ......
General
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 ......
TMT
PhonePe's FY23 revenue jumps 77%, turns Ebitda positive on adjusted basis
Walmart-owned Indian digital payments unicorn PhonePe's revenue surged 77% during the year ended March 2023, on the back of rapid ......
TMT
Paytm's Sharma says open to increasing stake in payments firm
Paytm founder Vijay Shekhar Sharma said on Monday he is open to increasing his stake in the Indian fintech firm ......
TMT
Walmart buys Tiger Global's stake in Flipkart at $35-bn valuation
Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in e-commerce firm Flipkart, the Wall Street ......
Consumer
Indians bought goods worth $44.5 bn in FY23; one in three active e-shoppers
Indians bought products worth $44.5 billion from e-tailers in the financial year 2022-23 as e-commerce platforms expand their footprints with ......
TMT
PhonePe snags another $100 mn from General Atlantic, others
Walmart Inc.-owned PhonePe has raised another $100 million (about Rs 820 crore) in the latest tranche of its ongoing fundraise ......
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