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PHONEPE DOMICILE SHIFT
Razorpay set for confidential IPO filing; valuation may fall to around $5 billionThe fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walm...
Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
Flipkart gets IPO ready with NCLT nod to flip back domicile to IndiaThe Bengaluru-based online retail company, which plans to file its IPO papers in 2026, has now sought an approval from the central governme...
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 ...
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...
Singapore court clears Pine Labs plea to move domicile to IndiaThe approval from Singapore's court paves the way for Peak XV Partners-backed Pine Labs to shift its domicile to India. Multiple other comp...
Evaluating the right time for Flipkart IPO: Walmart International CEODuring Walmart's quarterly analyst call, chief financial officer John David Rainey said that Flipkart grew by double digits for the first q...
PhonePe sells over 9 million insurance policies since Sept 2021The Walmart-backed company had entered the insurance space in 2020 with a corporate agency licence, before acquiring a full-fledged insuran...
PhonePe gets another $100 million from General Atlantic; total funding rises to $850 millionWalmart Inc-owned Indian payments firm PhonePe on Monday said that it has secured an additional $100 million from private equity firm Gener...
PhonePe chalks up further $100 million from General Atlantic; more expectedPrivate equity, co-investors have infused $450 m in ongoing fundraise, may go up to $600m
PhonePe lands $100-million top-up at $12-billion valuationThe fintech startup in January had raised $350 million from General Atlantic; plans $1-billion primary fundraise.
Exclusive: Big payday for PhonePe founders post Flipkart Esop saleCofounders to receive $20-25 m each by liquidating stock options in erstwhile parent
Economic Survey 2023 suggests tax simplification to accelerate ‘reverse flipping’ of Indian startupsWith easy access to capital, changes in rules regarding round tripping, and the growing maturity of India’s capital markets, startups opera...
ETtech Explainer: why PhonePe investors paid Rs 8,000 crore to shift base to India?Investors of PhonePe had to pay Rs 8,000 crore in taxes to the Indian government after it shifted its domicile from Singapore to India in O...
It cost PhonePe Rs 8,000 crore to come to India, says Sameer NigamNigam said the company faced several challenges during its shift from Singapore to India last October as Indian law poses “certain obstacle...
PhonePe raises $350 million funding from General Atlantic at $12 billion pre-money valuationWhile the primary fundraising is estimated to be $1 billion in size, a secondary share sale will take the total financing to a range of $1....
Walmart paid most of $1 billion tax for PhonePe shifting base to IndiaWalmart bought a controlling stake in Indian ecommerce giant Flipkart in 2018, giving it ownership of PhonePe.