Is PhonePe Planning to Foray into Stockbroking Biz

According to reports, UPI payment major PhonePe is toying with the idea of foraying into the ferociously competitive space of stockbroking. As per business daily The Economic Times, PhonePe is currently awaiting the stockbroking license from capital market regulator SEBI. PhonePe’s unconfirmed plan to enter the stockbroking biz makes a lot of sense given that today…

ByGirish ShettiApril 15, 20210Comments

News

Phonepe claims the tag of Fastest Scale-up in Insurance Distribution

Has Phonepe become India’s fastest-growing insure-tech distributor in India? Well, this is what the Flipkart owned digital payment platform has claimed. The digital payment major, which competes with Google Pay, Amazon Pay & Paytm, said on Wednesday that it has sold 5 lakh insurance policies on its platform. These 5 lakh insurance policies have been…

ByGirish ShettiSeptember 30, 20200Comments

Funding News

Amid Lockdown, Flipkart receives internal funding of $62 Mn

E commerce major Flipkart has received internal fund infusion of $62 Mn from its parent company Flipkart Pvt. Ltd. Following this fresh fund infusion, Flipkart’s internal funding via its parent company has now reached almost $2 Bn. E-commerce major Flipkart has received internal funding of $62 Mn. As part of the same round, PhonePe also received $28…

ByGirish ShettiApril 28, 20200Comments

Funding News

PhonePe in Talks to raise another $1 Bn from External Investors

PhonePe, which last week received capital infusion of $1 Bn from its parent company, is in talks to raise another $1 Bn through external funding. Economic Times (ET) report claims that group of high profile investors including DST Global, Ribbit Capital, Falcon Edge and Green Oak have held investments talks spanning across several weeks and…

ByGirish ShettiAugust 5, 20190Comments

Funding News

PhonePe Receives Fresh Capital Infusion to Combat Increasing Competition

Flipkart owned PhonePe has received fresh capital infusion from its Singapore based parents entity, according to company’s latest filings with the Registrar of Companies (ROC). The digital payment lender has received Rs 698 crore from Singapore headquartered PhonePe Private Limited, ROC documents disclosed. PhonePe has received Rs 698 crore from its Singapore based entity Earlier this year,…

ByGirish ShettiJuly 30, 20190Comments

News

With eye on offline business, PhonePe acquires POS startup Zopper

Flipkart’s digital payment arm PhonePe acquires point-of-sales startup Zopper Retail. Flipkart’s digital payment arm PhonePe on Monday acquired hyperlocal point-of-sales startup Zopper Retail. However, the Bengaluru based e-commerce giant refused to disclose the exact valuation of the deal. The acquisition is expected to give a huge boost to PhonePe’s newly launched offline business. The company had…

ByGirish ShettiJuly 17, 20180Comments

News

Flipkart Commit $500 Million Capital Infusion in Payments Arm PhonePe

Flipkart to Invest in PhonePe. Bengaluru based e commerce giant Flipkart on Thursday announced that it will invest $500 million in its payment arm PhonePe. The commitment for latest capital infusion is in addition to $75 million that Flipkart has already invested in the subsidiary company. The e commerce juggernaut said that the latest investment would be…

ByGirish ShettiOctober 13, 20170Comments

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