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PHONEPE SHIFTING BASE
Bank stocks rally as RBI steps lift mood, trigger short coveringOn Tuesday, bank stocks rocketed upwards following strategic interventions by the Reserve Bank of India aimed at shielding foreign currency...- Delhi Metro to add 24 extra train trips from May 18 to encourage shift from private vehiclesRecognising the critical role of mass transit in ensuring energy security, economic resilience, and environmental sustainability in the ext...
- 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...
- 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.
- Sebi approves over $1 billion Zepto IPO; 5 other companies also get nodSebi has approved Zepto’s IPO, paving the way for a potential Rs 12,000 crore listing in 2026. The quick commerce startup aims to strengthe...
- Razorpay eyes omnichannel focus for offline push: sourcesOnline payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the vertical. Following its Ezetap acqu...
- UPI volumes report 3% dip in April to 22.5 billion transactions after record high numbers in MarchUPI transactions in April saw a minor dip from March but a 25% rise year-on-year. While UPI shows resilience, India's digital payments sect...
- UPI underdogs seek fair play; WhatsApp tightens scam defencesSmaller UPI players will meet NPCI to curb the growth of industry leaders PhonePe, Google Pay and Paytm. This and more in today’s ETtech To...
- Digital gold offers on Akshaya Tritiya 2026: Check offers on Paytm, PhonePe, JioFinance; how to buy gold from homeAkshaya Tritiya 202: Akshaya Tritiya on April 19, 2026, sees a surge in digital gold purchases. Platforms like PhonePe, JioFinance, and Pay...
- Paytm’s cap table turns Indian: What changes now?Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This ...
- Walmart-backed PhonePe targets up to $10.5 billion valuation in Indian IPO: ReportWalmart-backed PhonePe aims for a $9 billion to $10.5 billion IPO, potentially raising up to $1.05 billion. This valuation marks a decrease...
- Walmart-backed PhonePe targets up to $10.5 billion valuation in India IPOPhonePe is targeting a $9 billion to $10.5 billion valuation in its IPO, aiming to raise about $900 million to $1.05 billion. Backer Walmar...
- PhonePe rolls out AI-powered feature to pay via voice or textPhonePe has introduced a new AI feature. Users can now use voice or text commands to complete tasks within the app. This simplifies payment...
- 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 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 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...
- 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.
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