Wednesday, December 25, 2024

Phonepe

PhonePe's Pincode has entered the quick commerce space, piloting a quick delivery service in parts of Bengaluru, Delhi NCR, Mumbai, Pune, Hyderabad, and Varanasi. The ecommerce app delivers groceries and other products in 10-20 minutes.Pincode works...
Following the sale of half of his stake for INR 920 crore by cofounder and CEO Nishant Pitti, online travel aggregator Easemytrip has announced a partnership with PhonePe to exclusively feature its hotels on the fintech...

UPI transactions rise 3.6% month-on-month to 14.96 Bn in August

The Unified Payments Interface (UPI) transactions increased by 3.6% month-on-month, rising to 14.96 billion in August from 14.44 billion in July.The number of transactions...

Flipkart and PhonePe on track towards profitability: Walmart CFO

E-commerce major Flipkart ͏an͏͏d digital payments giant PhonePe ar͏e͏ ͏on͏ t͏h͏e ͏"pa͏͏t͏͏h ͏to profitability," ac͏co͏r͏ding t͏o David Rainey, th͏e ͏chie͏f financial off͏i͏c͏er ͏(CFO)͏ o͏f...

Flipkart mulls reverse flip to India as IPO looms on the horizon

Flipkart, a major player in e-commerce, is in talks to relocate its parent entity from Singapore to India, as reported by ET.Valued at around...

Uber steps up hyperlocal deliveries in India to capture growing quick-commerce market share

As the demand for quick commerce grows in India, ride-hailing platform Uber is intensifying its hyperlocal deliveries from neighborhood stores, according to sources familiar...

PhonePe’s Pincode streamlines e-commerce strategy, exits non-food categories on ONDC network

Walmart-backed PhonePe is revamping its ecommerce strategy on the Open Network for Digital Commerce (ONDC). It is discontinuing several categories such as fashion, grocery,...

Flipkart revamps increment policy: Pay hikes to roll out in two tranches

Flipkart, a prominent player in the e-commerce industry, has revised its approach to employee increments. This year, instead of the customary pay raises, eligible...

Quick-commerce unicorn Zepto considers reverse flip to India, targets IPO in 2026

In a strategic move, Nexus-backed Zepto is actively considering a reverse flip to India. According to sources close to the company, Zepto aims to...

Walmart-backed PhonePe’s move to invest in Dunzo stumbles amid investor apprehension

Walmart-backed PhonePe recently made an offer to cash-strapped Dunzo to invest a significant amount in its merchant network business, at a time the latter...

Walmart ramps up exports from India to reduce dependence on China

Walmart, the worldwide retail powerhouse with ownership of Flipkart and PhonePe, is increasing its export of goods from India. This strategic move aims to...

PhonePe’s Pincode app expands to 10 cities, demonstrating strong growth on ONDC

Pincode, PhonePe's dedicated app for the Open Network for Digital Commerce (ONDC), has made significant strides in its expansion. Following a successful launch in...

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