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FLIPKART 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.- 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...
- Binny Bansal exits PhonePe board; Blackbuck's mixed market debutBinny Bansal has stepped down from PhonePe's board, following his earlier departure from Flipkart. This and more in today’s ETtech Top 5.
- 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...
- 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.
- $700 million Friday bonanza for Flipkart employees; Tax cuts at source on online gaming?It’s definitely a happy Friday for more than 24,000 current and former Flipkart and Myntra employees, as they receive a one-time cash payou...
- Flipkart-PhonePe spilt: Flipkart staff to receive $700 million cash payout this monthEligible former and current employees will receive $43.67, or about Rs 3,615 for each unit of Esop they hold in Flipkart as compensation fo...
- 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...
- Lending taps drying up for crisis-hit ZestMoney; Payments Council pings FM for RuPay MDRTroubles seem to be mounting for beleaguered ZestMoney as lenders pull back credit lines, a day after its founders left the company after a...
- PhonePe will likely go for an India listing, says Walmart CEO Doug McMillonWalmart's payments company PhonePe is performing well in India, according to CEO Doug McMillon. Speaking in a recent interview, McMillon sa...
- Flipkart marketplace arm gets $90 million cash infusionThis is the first cash infusion in Flipkart's marketplace arm in 2023. The resolution to infuse new capital was approved on December 29, 20...
- 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...
- 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...
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