Friday, 24 March, 2023

IPO-Bound PhonePe Completes Separation From Flipkart

<p>Flipkart and PhonePe have completed their separation after being together since 2016 but both entities will continue to operate under US-based retail giant. Walmart will remain the majority shareholder of both business groups. This year, PhonePe changed its domicile from Singapore to India. Since its launch, PhonePe has successfully digitized more than 35 million offline merchants spread across cities and beyond, covering 99% of pin codes in the country.&nbsp;</p> <quillbot-extension-portal></quillbot-extension-portal>