Tagged: sameer nigam

February 22, 2024 @ 6:53 pm By Omar Faridi  |  

PhonePe announced the consumer launch of its Indus Appstore, at Bharat Mandapam in New Delhi. Indus Appstore is PhonePe’s attempt at creating “a more competitive and localized mobile app store economy for India, which is already the largest mobile apps download market globally.” The session… Read More

November 9, 2023 @ 10:50 pm By Omar Faridi  |  

PhonePe recently announced that it has crossed 500 million lifetime registered users on its platform. With this milestone, 1 in 3 Indians are now on PhonePe, the Fintech firm claims. The company is the first Indian Internet company to “have reached this scale globally.” This… Read More

May 15, 2023 @ 3:28 pm By JD Alois  |  

Fintech ZestMoney appears to be falling apart after its founders announced they were departing the firm. ZestMoney, is a digital EMI/  BNPL platform that has announced multiple partnerships with some pretty big firms during its brief existence. A deal with PhoneRE was in the works… Read More

March 17, 2023 @ 8:59 am By Omar Faridi  |  

PhonePe, one of India’s largest Fintech platforms, announced it has raised an additional $200 million in primary capital from Walmart, at a pre-money valuation of $12 billion. This new funding reportedly comes as “a part of PhonePe’s ongoing fundraise of up to $1 billion in… Read More

February 19, 2023 @ 10:51 pm By Omar Faridi  |  

PhonePe, one of India’s largest Fintech platforms, announced it has raised another $100 million in primary capital from Ribbit Capital, Tiger Global, and TVS Capital Funds, at a pre-money valuation of $12 billion. This new investment “follows the recent $350 million primary fundraise that closed… Read More

January 24, 2023 @ 9:40 pm By Omar Faridi  |  

PhonePe, one of India’s largest Fintech platforms, announced it has raised $350 million in funding from General Atlantic, a global growth equity firm, at a pre-money valuation of $12 billion. Marquee Global and Indian investors are also participating in the investment round. The investment marks… Read More

September 7, 2021 @ 7:39 pm By Omar Faridi  |  

India-based PhonePe, a leading Fintech platform that now claims 300 millions users, reveals that it has introduced PhonePe Pulse, which is an interactive website with data, insights and key trends on virtual payments. The PhonePe Pulse website reportedly features millions of transactions made by clients on… Read More

December 5, 2020 @ 1:15 pm By Omar Faridi  |  

India-based digital payments firm PhonePe has branched out from its parent company, the Walmart-owned Flipkart Group. PhonePe is now valued at an estimated $5.5 billion, the company confirmed on December 3, 2020. According to the announcement, Flipkart will maintain its own majority stake of 87%… Read More

February 28, 2020 @ 2:15 pm By Omar Faridi  |  

Bengaluru- based PhonePe, a company owned by the world’s largest retail company Walmart, has acquired INR 4.27 billion (appr. $60 million) in capital from its Singapore-headquartered parent firm – as confirmed by the Registrar of Companies filings and several media reports.  According to documents sourced… Read More