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PHONEPE FY24
Curefoods follows Flipkart, PhonePe to delay IPO plan amid choppy marketsCloud kitchen platform Curefoods has postponed its Rs 800 crore IPO plans after Sebi approval, as mutual funds resisted its Rs 4,000 crore ...- Flipkart pauses IPO discussions amid rising volatility in marketsWalmart-owned Flipkart has indefinitely paused its IPO plans due to rising market volatility and a crowded pipeline of upcoming public issu...
- Skyroot, a newborn unicorn; AI pay gap growsSkyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5.
- Acko plans confidential IPO filing to raise $250 million; targets $2.5 billion valuationDigital insurer Acko is gearing up for a confidential IPO, aiming to raise approximately $250 million and seeking a valuation between $2-2....
- Pine Labs’ revenues may grow 20% per annum over the next three years: UBSUBS noted that Pine Labs has lower employee costs and better Ebit margins than the competition, and the stock is currently underpriced, whi...
- PhonePe IPO at $15 billion: Can the marquee valuation trigger a re-rating for its rival Paytm?PhonePe’s proposed IPO at a $13–15 billion valuation could become a landmark fintech listing in India and may trigger a valuation re-rating...
- Paytm ahead in merchant payments, PhonePe leads consumer play: Bernstein reportThe two companies’ payment margins are similar if PhonePe’s P2P volumes are adjusted for, showing that both are at nearly the same level wi...
- Digital payments firm PhonePe gets Sebi approval for $1.5-billion IPOPhonePe has received Sebi approval for its $1.5 billion IPO, which could value the Walmart-backed fintech at around $15 billion. The compan...
- PhonePe collaborates with OpenAI to roll out ChatGPT features for Indian usersPhonePe is bringing ChatGPT to its users. This collaboration with OpenAI aims to make advanced AI accessible in India. Users can now explor...
- General Atlantic invests another $600 million in IPO-bound PhonePePhonePe has raised $600 million of new funding from General Atlantic (GA) as it gears up for a local listing early next year. The latest in...
- RBI imposes Rs 21 lakh penalty on PhonePe for non-compliance with PPI rulesThe penalty followed the Walmart-owned digital payments firm’s end-of-day balance in its escrow account on certain days falling short of th...
- PhonePe ropes in bankers for launching IPOCountry's biggest fintech firm PhonePe has roped in bankers -- Kotak Mahindra Capital, JPMorgan Chase, Citigroup and Morgan Stanley -- for ...
- PhonePe’s 5% dilemma: Payments still dominate revenue as it gets IPO-readyPhonePe, backed by Walmart, is preparing for an IPO. The company's revenue heavily depends on its payments business. Financial services con...
- IPO-bound PhonePe set to hire Amit Doshi as CMORohan Misra, son of former SoftBank Vision Fund chief executive Rajeev Misra, is launching his own fund, Gravity Holdings. The London-based...
- Walmart-owned PhonePe begins preparations for India IPOFintech company PhonePe on Thursday announced that it has begun preparatory steps for the launch of its initial public offering (IPO) as it...
- PhonePe FY24 operating revenue up 74% to Rs 5,064 crore, loss down 29%Sharing the details in its annual report for FY24, the Walmart-backed company said it reported an adjusted net profit of Rs 197 crore in th...
- Going desi in the global age: PhonePe's strategy to expand as an India-centric startupPhonePe, backed by Walmart, focuses on made-in-India products. It launched Indus Appstore and Pincode to compete with Google, Apple, Flipka...
- PhonePe slashes 60% of its customer support agents over 5 years in AI eraPhonePe has reduced customer support staff by 60% in five years, leveraging AI-driven chatbots to resolve over 90% of issues, amidst a 40-f...
- PhonePe posts 74% jump in FY24 revenue to Rs 5,064 crore“We believe a focus on disciplined financial management will help us continue in the progression towards profitability of our payments busi...
- PhonePe revenue bump; NPCI’s Bhim makeoverDigital payments major PhonePe has reported a 74% jump in revenue for FY24. This and more in today’s ETtech Top 5.
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