More than 24,000 individuals, including former Flipkart and Myntra employees, are eligible for payments from the buyback.

The round is being raised at a pre-money valuation of $12 billion, making PhonePe the most valuable fintech in the country, surpassing paym...

Walmart International, which includes Flipkart, reported net sales of $27.6 billion for the quarter under review, a growth of little over 2...

Cofounders to receive $20-25 m each by liquidating stock options in erstwhile parent

While the primary fundraising is estimated to be $1 billion in size, a secondary share sale will take the total financing to a range of $1....

This 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 ...

Hive-off comes on the back of PhonePe’s funding round of $1.5-2 billion at a valuation of $12 billion

Employees who hold stock options in Flipkart will be paid cash equal to the value of PhonePe within those holdings, as the digital payments...

Six years after Flipkart acquired PhonePe in 2016, the two companies announced today they are going their separate ways, having concluded a...

Overall losses, excluding Employee Stock Ownership Plan (Esop) costs, narrowed marginally to Rs 827 crore in the same period.

The fintech firm has moved businesses and subsidiaries of PhonePe Singapore, including its insurance broking services and wealth broking se...

Bengaluru-based payments company has held early-stage talks for new financing at a significant higher valuation

The retail giant takes its stake to 10% as Flipkart spins off its payment arm at $5.5 billion post-money valuation.

The proposed demerger will coincide with PhonePe's ongoing fund raising plan of about a billion dollar through primary and secondary sale o...

PhonePe, which recently crossed 3-billion-transactions landmark on its platform, is believed to be looking at a valuation in the range of $...

Payments company looking to raise up to $1 billion in external capital; it’s not clear how much Flipkart will divest.

Initially, PhonePe will offer fund transfer, bill-splitting, mobile recharge and utility bill payment services.