PhonePe's @_sameernigam on the company becoming a separate entity, $700 million fund-raise that values the company at $5.5 bn & future expansion plans. @MugdhaCNBCTV18 @PhonePe_ @CNBCYoungTurks https://www.pscp.tv/...
PhonePe CEO @_sameernigam to CNBC-TV18 - @PhonePe_ will get its own board & there will be oversight from @Flipkart - @binnybansal to join PhonePe board - There will be reps from @Walmart on the board as well - Flipkart still the majority owner - Separate ESOP prog for employees h…
Financialization rules! PhonePe, founded by ex-Flipkart employees, got acquired by Flipkart, which got acquired by Walmart. Now Flipkart is hiving off PhonePe and selling partial stake to Walmart. PhonePe is raising money in a round led by Walmart! https://economictimes.indiatime…
So Flipkart is finally spinning off PhonePe after nearly year-long discussions. PhonePe has raised primary capital of $700M at $5.5 billion valuation, in a round led by parent Walmart https://economictimes.indiatimes.com/ ...