Phonepe
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...
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 rose by 41% year-over-year.According to data from the National Payments Corporation of...
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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...
Flipkart’s valuation takes a hit, declines by over INR 41,000 Crore in two years
Flipkart, the ecommerce giant, has seen a decrease in valuation by $5 billion or approximately INR 41,000 crore since January 2022, according to equity...
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...
Zomato aims to boost food orders; allows users to order food from multiple restaurants at same time
In an effort to streamline the food ordering process and capture a larger market share, Zomato, the popular food app, has unveiled a new...
PhonePe’s Pincode app sees rapid adoption in Bengaluru, crosses 50K installs within a month of launch
PhonePe's ONDC app Pincode, which was launched just a month ago, has reportedly exceeded 50,000 installations in Bengaluru. The platform is also processing over...