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WALMART PHONEPE STAKE
Global firms exploit India's IPO boom to take profits back to home countriesForeign companies are listing their Indian units to send billions of dollars back home. These are mostly secondary offerings, not for raisi...- 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.
- Walmart CEO meets PM Modi, signals deeper India investmentWalmart CEO John Furner met with Indian Prime Minister Narendra Modi. The meeting focused on India's economic growth and investment opportu...
- Bullish on quick commerce, says Walmart CEO John Furner at Flipkart townhallWalmart CEO John Furner expressed strong confidence in India's quick commerce potential during his visit, highlighting Flipkart's aggressiv...
- India represents one of most dynamic opportunities in global commerce: Walmart CEOWalmart has sourced over $40 billion in goods from India, highlighting the country's significant role in global commerce. The retail giant ...
- Valuation reset drives mutual fund inflows into listed new-age firms amid FPI selloffMutual funds increased their stakes in new-age companies during the March quarter, despite falling share prices and overall portfolio value...
- 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...
- 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...
- Why no one wants to sell the PhonePe stock?PhonePe's upcoming IPO in 2026 is set to be a major event. Notably, most shareholders are not selling their stakes. This indicates strong c...
- IPO-bound PhonePe cofounders sold stake worth $430 million to General Atlantic in 2025PhonePe cofounders Sameer Nigam and Rahul Chari sold shares worth Rs 3,937 crore ($430 million) to US private equity firm General Atlantic ...
- 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.
- PhonePe unit’s shareholding may mirror Flipkart’s post separationBengaluru-based payments company has held early-stage talks for new financing at a significant higher valuation
- PhonePe says not planning IPO right now"PhonePe is not planning an IPO right now," the company said in a statement. "We are focusing on building our business, and will go public ...
- Walmart buys way into India wealth management to take on AmazonPhonePe will buy WealthDesk for about $50 million and OpenQ for nearly $25 million, two sources directly aware of the matter said on Tuesda...
- PhonePe gets $50 million from Tencent but won't use it in IndiaThe Singapore unit of PhonePe has raised $66.5 million (about Rs 500 crore) in a funding round led by Chinese tech company Tencent Holdings...
- Walmart puts $700 million into hived-off PhonePeThe retail giant takes its stake to 10% as Flipkart spins off its payment arm at $5.5 billion post-money valuation.
- Walmart plans to spin off PhonePe from FlipkartThe proposed demerger will coincide with PhonePe's ongoing fund raising plan of about a billion dollar through primary and secondary sale o...
- 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.
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