PhonePe revenue jumps 77% to ₹2,914 cr in FY23
PhonePe's revenue growth was driven by the launch and scale-up of new products.
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September 2021
Businesses can learn from humanitarians: Insead Prof Wassenhove
An expert in closed-loop supply chain, Insead professor believes corporates can get better at resilience based on learnings from disaster relief measures
Flipkart records double-digit sales growth in March quarter
Walmart CEO says the retailer has a big opportunity to increase exports from India across quite a few merchandise categories
PhonePe rings in ONDC with ‘Pincode’
A new hyperlocal app on the network begins its pilot in Bengaluru, aims 1,00,000 orders a day by the end of the year.
PhonePe raises $200 mn from Walmart at $12 bn valuation
With this tranche, the company has raised $650 million from several global investors. It’s PhonePe’s third biggest funding this year alone.
PhonePe lands $350 million in funding at $12 billion valuation
PhonePe plans to invest in new businesses, including insurance, wealth management, and lending.
PhonePe becomes India domiciled company after separation from Flipkart
Existing Flipkart Singapore and PhonePe Singapore shareholders, led by Walmart, have purchased shares directly in PhonePe India.
Flipkart Big Billion Days sale boosts Walmart's revenue
The earlier timing of Flipkart's Big Billion Days event was also a benefit to sales results, says Walmart CFO John David Rainey.
Flipkart revenue up 31% in FY22; loss widens 51% to ₹4,362 cr
Flipkart's net loss in the last fiscal year was the highest in the past four years on a rise in legal, marketing, transport, and warehousing costs.
Binny Bansal: India’s prolific startup investor
The co-founder of Flipkart is one of the most active startup investors in the country today. Bansal has invested in about 47 companies, including Unacademy and Ather Energy.
