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WALMART PHONEPE NEWS
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-backed PhonePe may seek $1.5 billion in Indian IPOPhonePe, India's largest digital payments provider, is gearing up for an initial public offering. The IPO could potentially raise $1.5 bill...
- Walmart-backed PhonePe seeking to raise $1.5 billion from India IPO: BloombergWalmart-backed Indian fintech firm PhonePe is preparing to file preliminary documents for its initial public offering to raise as much as $...
- Walmart spent $3.5 billion to buy Flipkart shares from Tiger Global, Accel, Binny Bansal, others: FilingTiger Global and Accel Partners held about 5% collectively in the Bengaluru-based etailer. Tiger registered a $3.5-billion in profits on it...
- Walmart promotes CEO of Sam's Club to head International division as Judith McKenna retiresIn some of Walmart's other big international markets like Mexico and South Africa, structural problems exacerbated by the pandemic have dam...
- Flipkart pays $700 million Esop to staff post PhonePe splitMore than 24,000 individuals, including former Flipkart and Myntra employees, are eligible for payments from the buyback.
- Sales grow quickest via q-commerce for packaged goods, RBI may regulate PoS playersHappy Friday. Packaged goods brands are riding the ultrafast delivery boom despite an overall slowdown in the sector due to the ongoing fun...
- PhonePe racks up $200 million from Walmart, Swiggy’s zero commission offer for new restaurantsHappy Friday. After its hive-off from Flipkart, digital payments firm PhonePe's fundraising continues. Today, the company said it has added...
- 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.
- Govt may land $1 billion in taxes from PhonePe’s India shift, new raiseThis is due a long-term capital gains tax payout that will be made to the government as PhonePe is raising fresh capital from investors at ...
- PhonePe separation official; online payments firm to be India-domiciled nowHive-off comes on the back of PhonePe’s funding round of $1.5-2 billion at a valuation of $12 billion
- Nearly $700 million cash payout in store for Flipkart employees after PhonePe hive offEmployees who hold stock options in Flipkart will be paid cash equal to the value of PhonePe within those holdings, as the digital payments...
- Flipkart and PhonePe separate; deal to bring windfall for Flipkart employeesSix years after Flipkart acquired PhonePe in 2016, the two companies announced today they are going their separate ways, having concluded a...
- PhonePe seeks to raise $1 billion: reportThe all-equity round is expected to close in the next two weeks and may take Walmart-backed PhonePe's valuation close to $13 billion, accor...
- Walmart-backed PhonePe seeks to raise $1 billionThe all-equity round is expected to close in the next two weeks and may take Walmart-backed PhonePe's valuation close to $13 billion, accor...
- Flipkart spent $1.1 billion in six months: Walmart filingsWalmart makes regulatory disclosures of cash and cash equivalent for Flipkart in its filings to the SEC. The cash spent by Flipkart include...
- As dispute settles, Affle’s Anuj Khanna Sohum to join Indus OS boardIn a statement, AGPL said that it nominated Anuj Khanna Sohum to be a non-executive director on the board of OSlabs and his appointment was...
- PhonePe and Affle Global to settle IndusOS disputeThis comes as ET broke the news on April 13, on a senior judge of the Singapore High Court dismissing at least two appeals filed by Affle, ...
- $30 billion of proof that India's tech scene is backWalmart is mulling to demerge PhonePe —the payment system and digital wallet company of Flipkart - so that its ownership will be vested dir...
- A Flipkart skill leaves Walmart's CEO seriously impressedThe CEO noted that Flipkart was years ahead of Walmart when it comes to the level of technology used.
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