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...
20 Apr, 2026, 11.20 AM IST
Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
20 Apr, 2026, 09.24 AM IST
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...
21 Oct, 2024, 03.48 PM IST
Singapore court clears Pine Labs plea to move domicile to IndiaThe approval from Singapore's court paves the way for Peak XV Partners-backed Pine Labs to shift its domicile to India. Multiple other comp...
20 May, 2024, 11.06 PM IST
Evaluating the right time for Flipkart IPO: Walmart International CEODuring Walmart's quarterly analyst call, chief financial officer John David Rainey said that Flipkart grew by double digits for the first q...
16 May, 2024, 10.38 PM IST
Exclusive: Flipkart maps India redux; talks on to shift domicile from SingaporeFlipkart aims to move domicile from Singapore to India for an IPO. Talks gain impetus for largest local consumer internet company to revers...
13 May, 2024, 09.41 AM IST
Groww moves domicile to India from the USIncreasing number of large startups across sectors looking to shift from US, Singapore
09 May, 2024, 11.18 PM IST
PhonePe FY23 revenues rise 77% to Rs 2,914 crore; payments business eyes operating profitThe company says the growth was driven by market expansion, leadership in the digital payments market, and the launch and scale-up of produ...
18 Oct, 2023, 10.41 PM IST
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.
15 Feb, 2023, 10.08 AM IST
Exclusive: Big payday for PhonePe founders post Flipkart Esop saleCofounders to receive $20-25 m each by liquidating stock options in erstwhile parent
01 Feb, 2023, 08.29 AM IST
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...
31 Jan, 2023, 08.44 PM IST
ETtech Explainer: why PhonePe investors paid Rs 8,000 crore to shift base to India?Investors of PhonePe had to pay Rs 8,000 crore in taxes to the Indian government after it shifted its domicile from Singapore to India in O...
31 Jan, 2023, 04.18 PM IST
It cost PhonePe Rs 8,000 crore to come to India, says Sameer NigamNigam said the company faced several challenges during its shift from Singapore to India last October as Indian law poses “certain obstacle...
25 Jan, 2023, 09.09 PM IST
PhonePe raises $350 million funding from General Atlantic at $12 billion pre-money valuationWhile 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....
19 Jan, 2023, 11.20 PM IST
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.
05 Jan, 2023, 01.57 PM IST
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 ...
05 Jan, 2023, 12.43 PM IST
PhonePe shifts headquarters from Singapore to IndiaThe fintech firm has moved businesses and subsidiaries of PhonePe Singapore, including its insurance broking services and wealth broking se...
03 Oct, 2022, 07.56 PM IST