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Flipkart’s 13-minute delivery draws praise from Walmart Inc President and CEO John FurnerWalmart's CEO John Furner has expressed enthusiasm over Flipkart's groundbreaking 13-minute delivery service, marking it as a transformativ...- Flipkart puts IPO on ice; Rapido's $240 million raiseFlipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.
- Palo Alto Networks acquires Portkey; Tim Cook on Apple's India growthPalo Alto Networks is acquiring Portkey, doubling the AI infrastructure startup's valuation. This and more in today's ETtech Top 5.
- Haitong sees 26% upside in Paytm. Lists 4 reasons for buying the dipsHaitong has initiated a coverage on One 97 Communication (Paytm) with an ‘Outperform’ rating for a target of Rs 1,410, implying an upside o...
- PhonePe IPO: Can the fintech giant convince markets it’s about more than payments?According to the updated draft IPO papers filed last week, the contribution of payments to the Walmart-owned firm’s operating revenues decl...
- The tech bets that are making PhonePe unstoppablePhonepe News: As PhonePe heads toward a reported $1.5 billion IPO following a confidential DRHP and robust FY25 results, here’s a look at t...
- 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...
- PhonePe rolls out UPI Circle for shared paymentsPhonePe has introduced UPI Circle, enabling primary users to manage payments for dependents and trusted contacts without linked bank accoun...
- 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...
- PhonePe starts charging processing fees for mobile rechargesThe company is the first digital payments app to have started charging for UPI-based transaction which is being offered for free by its com...
- PhonePe revenue up 85%, losses down 44% in FY21PhonePe, which competes with Paytm, Google Pay and Amazon Pay, has reported marginally lower net loss of Rs 1,727 crore for the period.
- Digital payments battle costs companies $900 million in lossThe large losses of the consumer-focused payments companies is similar to what’s been happening in the e-commerce space with Walmart-owned ...
- PhonePe, Paytm line up Rs 2,000 crore for marketingWhile PhonePe has earmarked Rs 800 crore for marketing, Paytm plans to spend Rs 1,200 crore.
- PhonePe earmarks Rs 800 crore in marketing this yearThe current brand campaign of the company will feature four TV commercials with Aamir Khan and Alia Bhatt, which will be spread across digi...
- PhonePe’s FY19 loss at Rs 1,907 croreA key reason for the wider loss was higher employee cost and marketing spending that more than doubled.
- How Flipkart's PhonePe plans to become a major financial services playerAbout 12 months ago, PhonePe had under 800,000 businesses on its platform, today it has over 5.8 million.
- DST may back PhonePe's $1 billion raisePhonePe, which recently crossed 3-billion-transactions landmark on its platform, is believed to be looking at a valuation in the range of $...
- PhonePe to become a separate entity as Flipkart board approves hive off planPayments company looking to raise up to $1 billion in external capital; it’s not clear how much Flipkart will divest.
- PhonePe gets Rs 743 crore fresh funds from parent companyPhonePe which leverages Unified Payments Interface in partnership with Yes Bank is entangled in stiff competition with Paytm and Google Pay.
- Losses balloon for PhonePe, Amazon PayAs in e-commerce, top players are bleeding heavily in the payments space too as competition turns fierce.
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