Flipkart to invest $500 million in payments arm PhonePe

SoftBank-backed Flipkart on Thursday said it will invest USD 500 million
in PhonePe to scale up operations of its payments arm. The commitment
is in addition to the USD 75 million infused by Flipkart in PhonePe
since the acquisition in 2015, Flipkart said in a statement.

Read more: http://www.businesstoday.in/current/corp...

Actual news in your location

Similar news

After Flipkart, Amazon sales Samsung launches own Anniversary Shop Sale 0 0 666
Wife swap: Man kills friend in Mumbai 0 0 666
शिवपाल छोड़ेंगे मुलायम का साथ : अलग मोर्चे का कर सकते हैं एलान 987 987 666
‘No plans of starting new party': Mulayam 0 0 666
SP feud out in the open again, protest outside Lohia Trust 0 0 666
Reliance JioPhone deliveries begin; here's how you can track your order 0 0 666
Reliance Jio to start delivering 6 million JioPhones from today 339 339 666
Transition input credit unlikely to impact July GST collection 22 22 666
Mulayam, Shivpal to float new party under Lokdal banner? 1 1 666
India’s economy likely to grow 6.7% in FY18: OECD 3 3 666