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

States have capacity and must cut duty on petrol: NITI 0 0 0
States have capacity and must cut duty on petrol: NITI 0 0 0
States have capacity and must cut duty on petrol: NITI 0 0 0
4 years of Modi sarkar: Hits, misses and the road to 2019 0 0 666
4 years of Modi sarkar: Hits, misses and the road to 2019 0 0 666
4 years of Modi sarkar: Hits, misses and the road to 2019 0 0 666
4.4 million iPhone users sue Google over privacy case; search giant may have to pay $1000 to each 0 0 666
Milkbasket funding: Three things that make the company different 0 0 666
Flipkart Apple Week Sale; iPhone X, iPhone 7, Macbooks selling at discounted prices 7 7 666
Nirav Modi effect! Moody's downgrades PNB over Rs 14,000 crore fraud 9 9 666