Flipkart completes full separation of PhonePe
Bengaluru, India, December 23rd, 2022: Flipkart and PhonePe today announced the full ownership separation of PhonePe, India’s largest digital payments platform. Establishing these businesses as individual entities will allow both to chart their own growth paths, as they continue building industry-leading offerings that provide access and ...
Flipkart and PhonePe have split up | TechCrunch
Dec 22, 2022 · Indian e-commerce giant Flipkart no longer owns a stake in payments firm PhonePe. The two said on Friday that they have completed a full ownership separation of PhonePe and shareholders in...
Flipkart co-founder Binny Bansal leaves PhonePe’s board
Nov 22, 2024 · Flipkart co-founder Binny Bansal has stepped down from Indian fintech PhonePe’s board of directors, three quarters after making a similar move at the e-commerce giant. Bengaluru-headquartered...
Flipkart makes $700 million payout to employees following PhonePe …
Jul 14, 2023 · The Walmart-backed Bengaluru-headquartered startup is compensating employees for the separation of fintech PhonePe from the e-commerce group, a move that devalued Flipkart’s shares.
Phonepe: PhonePe is no longer Flipkart company: Why the …
Dec 24, 2022 · Flipkart and PhonePe are ‘parting ways’. Flipkart has completely separated its business operations from Phone’s, the two entities announced, saying that the move would allow both to chart their own growth paths. PhonePe Group was acquired by Flipkart Group in 2016.
flipkart phonepe news: PhonePe separation official; online …
Dec 23, 2022 · Ecommerce major Flipkart, which acquired PhonePe in 2016, has fully separated its ownership from the digital payments platform, both firms said in a joint statement on Friday. Establishing these businesses as individual entities will allow both companies to chart their own growth paths, they added.
Flipkart completes full separation of PhonePe | Company Business News
Dec 23, 2022 · Flipkart and PhonePe today announced the full ownership separation of PhonePe, India’s largest digital payments platform. Establishing these businesses as individual entities will allow both...
Flipkart co-founder Binny Bansal resigns from PhonePe board
Nov 22, 2024 · Journey and market valuation. Walmart-backed PhonePe runs India's top mobile payments app. The company split from Flipkart in 2022 and has since reached a market valuation of $12 billion.
Flipkart and PhonePe complete separation six years after …
Flipkart and PhonePe have announced that they are fully separated now, six years after the e-commerce giant acquired the latter. The separation comes at a time when PhonePe is reportedly in...
Binny Bansal Resigns From PhonePe Board, Manish Sabharwal …
Nov 22, 2024 · This marks another milestone in the evolution of PhonePe, which in 2022 finalised its separation from Flipkart, allowing both companies to operate as independent entities. In a significant development, PhonePe has appointed Manish Sabharwal, vice-chairman of Teamlease Services, as an independent director and chair of its audit committee.