PhonePe’s revenue jumps 74% YoY to surpass the Rs 5,000 crore mark
The PhonePe Group today reported revenue of INR 5064 Cr for FY23-24 (fiscal year ending March 31, 2024) which represents 74% top-line growth from FY22-23 revenue of INR 2914 Cr.
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PhonePe launches Share.Market app, enters stock broking business
The new mobile app will allow users to trade and invest in stocks, mutual funds, and ETFs (exchange-traded funds).
Apple explores entry into Indian payment market with Apple Pay, eyes UPI integration & Face ID security
Apple engages with Indian authorities as it aims to launch Apple Pay and compete with established players like Paytm and PhonePe
PhonePe officially launches merchant lending services
PhonePe kickstarted its digital lending space in the month of April as a pilot for merchants and the company promised to roll out the service soon. The move is seen as a major development for the Walmart backed Fintech firm which puts it into direct competition with Paytm, its largest rival in the country.
PhonePe raises additional $100 million from General Atlantic as part of ongoing funding round
General Atlantic and its co-investors are contributing $550 million with this investment to PhonePe's ongoing $1 billion funding round.
PhonePe launches e-commerce app “Pincode” powered by ONDC
Sameer Nigam, PhonePe Founder & CEO "PhonePe is launching a new consumer app today thanks to ONDC, namely “Pincode”.
Walmart invests additional $200 million in PhonePe at pre-money valuation of $12 billion
Several leading global investors have contributed to PhonePe's latest funding round, including an additional $200 million from Walmart. The total amount raised in this round is $650 million.
PhonePe raises $350 million at $12 billion valuation
PhonePe intends to invest the proceeds in infrastructure and new businesses such as insurance, wealth management, and lending.
PhonePe has completed its separation from Flipkart ahead of its IPO
PhonePe, which was purchased by the Flipkart Group in 2016, claims to have over 400 million registered customers and 35 million offline retailers.
Flipkart enters the market for home product services and repairs
E-commerce firm Flipkart on Thursday said it had gone into the home goods services area.
PhonePe changes its domicile from Singapore to India before its IPO
The process, according to the company, was finished in three steps, and as a result, PhonePe Pvt Ltd now oversees all PhonePe Group firms (India)
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