Tag Archives: PhonePe

Tiger Global, Accel Mulling $1.5 Billion Flipkart Stake Sale to Walmart

Private equity firms Accel and Tiger Global, two early backers of Indian e-commerce firm Flipkart, are in talks to sell their remaining stake…
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PhonePe Raises $350 Million, Becomes India’s Most Valuable Payments Firm

Walmart-backed PhonePe said on Thursday it raised $350 million (roughly Rs. 2800 crore) from private equity firm General Atlantic at a $12 billion…
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Walmart Says It Paid Most of $1 Billion Tax to Shift PhonePe Base to India

Walmart late on Wednesday confirmed that it had already paid the Indian government most of the nearly $1 billionĀ (roughly Rs. 8,300 crore) in…
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Flipkart, PhonePe Complete Separation, Walmart Major Shareholder of Both

Flipkart and PhonePe have completed their separation and both entities will continue to operate under US-based retail giant Walmart, a joint statement said…
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