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The crisscrossing paths of Flipkart and PhonePe

Flipkart and PhonePe relationship is today looking like a Venn diagram where the investors and consumers meet, but the organisations are charting a distinct path for themselves as independent companies. This has probably made them compete with each other in financial services such as lending and insurance. And that is not incidental.
Madhur Singhal Sameer Nigam Axis Bank Praxis Global Alliance Praxis Global Burzin Engineer

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PhonePe bags another $100 million from General Atlantic in ongoing $1 billion round

In January, PhonePe announced raising $1 billion in tranches at a valuation of $12 billion. Since then, the fintech unicorn has raised $550 million from General Atlantic, $100 million from Tiger Global Management, Ribbit Capital and TVS Capital, and $200 million from its largest shareholder--Walmart.
Sameer Nigam General Atlantic Tiger Global Management Ribbit Capital Rahul Chari Burzin Engineer

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