Flipkart Valuation Drops By $5 Billion In Past 2 Years
According to the equity transactions of its parent company, Walmart, one of India’s biggest e-commerce platforms, Flipkart, has lost around $5 billion in the last 2 years. The company’s valuation fell from $40 billion in 2022 to $35 billion in 2024. Experts say the decline can be attributed to the demerger of fintech PhonePe, which…
ABHYUDAYA MITTAL
UPI Breaks Record Of 10-Billion Transactions In August 2023
The National Payments Corporation of India (NPCI) proudly announced that the Unified Payments Interface (UPI) has achieved an astounding milestone by recording over 10 billion transactions in August. This achievement underscores the growing popularity of digital payments in India. According to NPCI data, on August 30, UPI recorded 10.24 billion transactions worth Rs 15.18 trillion…
Yash Sharma
An Additional USD 100 Million From General Atlantic For PhonePe
Decacorn fintech PhonePe is conducting ongoing fundraising of USD 1 billion, which has raised USD 750 million by far. The latest investment in this series comes from General Atlantic, who just contributed USD 100 million to the fundraising. Walmart Group is now very close to completing its set goal. Notably, General Atlantic invested USD 350…
