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PHONEPE ECOMMERCE AMBITIONS
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 ...- PhonePe IPO: Can the fintech giant convince markets it’s about more than payments?According to the updated draft IPO papers filed last week, the contribution of payments to the Walmart-owned firm’s operating revenues decl...
- PhonePe’s 5% dilemma: Payments still dominate revenue as it gets IPO-readyPhonePe, backed by Walmart, is preparing for an IPO. The company's revenue heavily depends on its payments business. Financial services con...
- PhonePe explored investment in Dunzo’s merchant businessHowever, Dunzo investors were not in favour due to strategic nature of Walmart-backed company.
- Binny Bansal checks out from Flipkart; Walmart stake in ecommerce company hits 80%Bansal’s exit marks the end of the founding entrepreneur’s association with one of the most storied Indian consumer internet startups over ...
- Fresh twist in PhonePe-ZestMoney deal; neobank Jupiter secures NBFC licenceDigital payments major PhonePe is looking to close a commercial arrangement with ZestMoney after deal talks between the two companies fell ...
- Why the big Indian ecommerce battle rages despite no profits in sightOver the past decade many venture-backed ecommerce startups have raised capital only to subsequently shut down, from Letsbuy and Urbantouch...
- PhonePe's ecommerce app Pincode live on ONDC networkThe company launched Pincode – a hyperlocal ecommerce platform that enables online commerce between local offline stores and customers in t...
- PhonePe’s ecommerce app Pincode goes live; funding in Indian startups may temporarily pause: RBIFintech major PhonePe has thrown its hat in the Open Network for Digital Commerce (ONDC) ring by announcing the launch of its ecommerce app...
- Transaction declined: why Prosus dropped $4.7B BillDesk buy; deal had $50-100M breakup feeThe merger was expected to create an online payments gateway juggernaut that would process $147 billion in annualised total payments value ...
- How PhonePe is sharpening its ecommerce ambitions as it breaks away from FlipkartTo launch grocery side shopping on ONDC; sets aside $15 million for biz
- PhonePe to launch ecomm app on ONDC; Web3 draws early-stage investorsIt made attempts previously with offerings such as Switch, loosely based on the ‘super app’ concept, and Stores, which was aimed at facilit...
- Google is in talks to join govt’s open etail networkAt present, Google's talks are “exploratory” and have spanned across different businesses within Google including search and payments, acco...
- Vedantu to sack another 424 employees; PhonePe to buy WealthDesk, OpenQ for $75MEdtech unicorn Vedantu said it is laying off another 424 employees – about 7% of its workforce – just days after sacking 200 contractual an...
- From Amazon to Zomato, a big crowd at RBI doors for payment aggregator licenceAt least 30 firms are learnt to have submitted their proposals, sources said, indicating that the number of applicants could increase befor...
- Flipkart partially spins off PhonePe, Binny Bansal to join board of fintech companyFlipkart co-founder Binny Bansal will join PhonePe's board of directors, along with the fintech company's co-founders Sameer Nigam and Rahu...
- As WhatsApp Pay debut looms, rivals add more storefronts to keep upPhonePe's Switch & Google Pay's Spot are exploring alternative monetisation route to beat WhatsApp.
- IPO in long-term strategy, currently focused on e-commerce growth in India: FlipkartThis comes amid reports that Flipkart is looking at tapping into the US equity market by 2022.
- Flipkart charts roadmap for US listing by 2022CEO Krishnamurthy tells top team to focus on compliance and profitability.
- E-commerce will grow at four times the pace of overall retail in India: WalmartWalmart said total retail will grow at a compounded annual growth rate (CAGR) of around 9% between FY18-23 while Indian e-commerce market w...
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