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...
07 Jul, 2023, 08.55 AM IST
PharmEasy devaluation: Thyrocare founder invokes anti-dilution; Flipkart employees to receive esop payoutHappy Friday! Arokiaswamy Velumani, founder of Thyrocare, which was acquired by PharmEasy in 2021, had secured anti-dilution rights when he...
07 Jul, 2023, 07.44 AM IST
ETtech Deals Digest: Startups raise $5.5 billion in first six months of 2023, down 72% YoYThe funding landscape for startups witnessed a 72% drop compared to the previous year. In H1 2022, $19.5 billion was raised across 1,576 fu...
30 Jun, 2023, 07.42 PM IST
ETtech Exclusive: PhonePe may waive off ZestMoney’s $18 million debt after failed acquisitionThe Walmart-owned digital payments major is looking to strike a commercial agreement and may pay $8 million to ZestMoney for the licensing ...
26 Apr, 2023, 08.07 AM IST
ETtech Deals Digest: Late-stage rounds in Lenskart, PhonePe take March funding for Indian startups to $1.14 billionCompared to February, startups raised 38% more against $832 million that they picked up across 89 rounds.
31 Mar, 2023, 05.43 PM IST
PhonePe racks up additional $200 million from Walmart in ongoing fundraiseThe round is being raised at a pre-money valuation of $12 billion, making PhonePe the most valuable fintech in the country, surpassing paym...
17 Mar, 2023, 08.47 PM IST
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...
17 Mar, 2023, 07.54 PM IST
ETtech Deals Digest: startups see rise in funding this week led by Lenskart, PhonePeTotal of $782 million was poured into Indian startups in this week across 25 rounds, a 34% jump compared to the same period last year when ...
17 Mar, 2023, 05.31 PM IST
Scoop: Flipkart cofounder Binny Bansal looks to recharge PhonePe with $100-150 million investmentPhonePe deal to be among largest individual investments in a new-age firm; Bansal also finalising $25-30 million funding in Curefoods.
10 Mar, 2023, 11.41 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
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
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
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 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
24 Dec, 2022, 12.29 PM IST
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...
24 Dec, 2022, 09.19 AM IST
Flipkart may go for $700 million Esop buyback as part of PhonePe financing roundThe buyback, likely the largest in India’s new-age internet economy, is part of PhonePe’s latest $1.5-2 bn funding round led by Walmart
29 Nov, 2022, 01.34 PM IST
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...
03 Dec, 2020, 11.55 PM IST