Indian Digital Payments Fintech PhonePe Branches Out from Parent Flipkart, Will Secure $700M in Capital from Existing Investors
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
Read more in: Fintech, Asia | Tagged digital payments, flipkart, india, investment round, PhonePe, sameer nigam, wal mart, walmart