Phonepe
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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...
Bigbasket joins ONDC as a seller, expanding the platform’s reach in the grocery retail space
On Tuesday, the Open Network For Digital Commerce (ONDC) protocol announced via a tweet that it had successfully onboarded Bigbasket, a grocery retailer backed...
Axis Bank follows PhonePe’s lead, set to launch ecommerce platform on ONDC
Axis Bank joins the ONDC bandwagon, plans to launch ecommerce platform after PhonePe's PincodeAxis Bank is reportedly planning to launch a consumer-facing ecommerce platform...
PhonePe expands e-commerce portfolio with Pincode, a hyperlocal app on Open Network
PhonePe Pvt Ltd, a leading digital payments firm in India, backed by global retail giant Walmart Inc, has unveiled its latest offering, an app...