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PHONEPE WALMART FUNDING
Oyo parent Prism gets Sebi nod for IPO; plans to raise Rs 6,650 crore: SourcesHospitality firm Oyo's parent company, Prism, has received SEBI's approval for its IPO, aiming to raise Rs 6,650 crore. The company plans t...02 Jun, 2026, 07.13 PM IST- Flipkart puts IPO on ice; Rapido's $240 million raiseFlipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.15 May, 2026, 08.09 PM IST
- 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 5.08 May, 2026, 12.47 AM IST
- PhonePe’s Share.Market CEO Ujjwal Jain steps downUjjwal Jain, CEO of PhonePe's stock trading platform Share.Market, has departed after four years, calling it a "relaunch" for his next vent...01 May, 2026, 11.04 PM IST
- Valuation reset drives mutual fund inflows into listed new-age firms amid FPI selloffMutual funds increased their stakes in new-age companies during the March quarter, despite falling share prices and overall portfolio value...30 Apr, 2026, 06.00 AM IST
- Zepto trims cash burn before IPO, pitches profitability by FY29 to public market investorsQuick commerce firm Zepto is engaging institutional investors for its planned June-July IPO, aiming to raise capital amid intensifying comp...14 Apr, 2026, 10.30 PM IST
- Fintechs go easy on IPO plans as war rattles stock marketsPublic listing plans for new-age fintech companies have received a major blow as the crisis in West Asia has battered the Indian rupee and ...02 Apr, 2026, 06.00 AM IST
- Flipkart valuation declines by over Rs 41,000 crore in two yearsThe valuation of the ecommerce firm declined to $35 billion as of January 31, 2024, from $40 billion in the financial year ended on January...17 Mar, 2024, 02.44 PM IST
- Walmart shareholding in PhonePe reduces to 85%Since January, PhonePe has raised $850 million via five deals, including with private equity firms General Atlantic, Ribbit Capital and Tig...05 Jun, 2023, 09.48 AM IST
- 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 $600m13 Apr, 2023, 01.20 AM 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
- 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
- Walmart puts $700 million into hived-off PhonePeThe retail giant takes its stake to 10% as Flipkart spins off its payment arm at $5.5 billion post-money valuation.04 Dec, 2020, 09.00 AM 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
- Walmart plans to spin off PhonePe from FlipkartThe proposed demerger will coincide with PhonePe's ongoing fund raising plan of about a billion dollar through primary and secondary sale o...11 Oct, 2019, 07.44 AM IST
- Walmart got a $10 billion surprise after buying FlipkartA payment business Walmart got as part of the deal is now emerging as one of India's top startups.10 Jul, 2019, 04.48 PM IST
- 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.27 Mar, 2019, 10.37 AM IST
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