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PHONEPE FUNDRAISING
Amazon India head on qcomm; senior exit at Z47Happy Monday! Amazon India’s Samir Kumar said the company is gunning for the top spot in the country’s quick commerce market. This and more...- Global firms exploit India's IPO boom to take profits back to home countriesForeign companies are listing their Indian units to send billions of dollars back home. These are mostly secondary offerings, not for raisi...
- ONDC raises Rs 220 crore from Zoho, Uber, Paytm, BSE; eyes additional capitalWhile Zoho Corporation has invested Rs 70 crore as a part of this round, Uber and Paytm have invested Rs 60 crore each. BSE Technologies ha...
- Water purifier maker Kent RO delays IPO as Mideast war dents sentimentKent RO Systems has postponed its stock market debut. The Indian water purifier maker cites global market volatility, worsened by the Iran ...
- Dara Khosrowshahi on Uber’s India bets, AI & jobs; Nvidia’s Simplismart betHappy Monday! Uber CEO Dara Khosrowshahi sat down with ET to discuss the company’s ambitions in (and for) India, among other things. This a...
- Sebi approves over $1 billion Zepto IPO; 5 other companies also get nodSebi has approved Zepto’s IPO, paving the way for a potential Rs 12,000 crore listing in 2026. The quick commerce startup aims to strengthe...
- Skyroot, a newborn unicorn; AI pay gap growsSkyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5.
- IPOs could raise up to $25 billion in 2026, too, despite D-St cautionIndia's primary market anticipates a strong showing in 2026 with several large IPOs. Companies like Jio Platforms, National Stock Exchange,...
- Oracle cuts 20% of India staff; War jitters stall fintech IPOsHappy Thursday! Oracle’s global job cuts have impacted 10,000 employees in India. This and more in today’s ETtech Morning Dispatch.
- PhonePe pauses IPO; Databricks' India ramp-upPhonePe has deferred its IPO citing the Iran war. However, sources tell us pricing of the issue was a key concern. This and more in today's...
- PhonePe IPO freeze & its impact; Startup Mafia 3.0Happy Tuesday! PhonePe has deferred its IPO, signalling a broader chill in startup listing plans. This and more in today’s ETtech Morning D...
- Flipkart brings back Nishant Verman to aid IPO pushVerman was earlier part of Flipkart’s corporate development team and played a key role in the company’s $16 billion sale to Walmart in 2018...
- PhonePe chalks up further $100 million from General Atlantic; more expectedPrivate equity, co-investors have infused $450 m in ongoing fundraise, may go up to $600m
- 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....
- 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
- PhonePe's loss drops marginally to Rs 1,728 crore in FY21Digital payments firm PhonePe’s revenue from operations was Rs 690 crore in FY21, from Rs 371.7 crore in the previous fiscal year.
- Morgan Stanley values PhonePe at $7 billionThis is the first time Phone-Pe’s valuation is being put out formally amid talks of its fundraise.
- DST may back PhonePe's $1 billion raisePhonePe, which recently crossed 3-billion-transactions landmark on its platform, is believed to be looking at a valuation in the range of $...
- PhonePe seeks $8 billion value with $1 billion fundraisePhonePe is in talks with Tencent & Tiger Global, which backed its parent Flipkart.
- PhonePe to become a separate entity as Flipkart board approves hive off planPayments company looking to raise up to $1 billion in external capital; it’s not clear how much Flipkart will divest.
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