Page 4 - Burzin Engineer News Today

Over the past year, PhonePe has moved all businesses and subsidiaries including Insurance Broking Services and Wealth Broking businesses of PhonePe Singapore to PhonePe Pvt Ltd - India.

Fintech player PhonePe, a part of the Walmart Inc-controlled Flipkart group, on Monday said it has completed the process of moving its domicile from Singapore to India. PhonePe Moves Domicile From Singapore to India.

The firm plans to relocate its registered holding corporation from Singapore to India, demonstrating its commitment to themade in India label.

PhonePe, a payments company backed by Walmart Inc, is aiming to raise funds through an IPO for broading its financial services portfolio

PhonePe, part of Walmart Inc-controlled Flipkart group, is considering to raise funds through an IPO for expanding its financial services portfolio

The report, published by news agency PTI citing sources had stated that PhonePe is considering raising funds through an $8 billion-$10 billion IPO.

According to the sources, the company will soon engage with bankers and legal consultants to take forward the IPO (Initial Public Offering) process.

Just hours after reports came that PhonePe is considering raising funds through an IPO, its Founder Samir Nigam expressed surprise at the development

India has produced 21 unicorns in the fintech segment so far, starting with Paytm. Here is a list of all the fintech unicorns in India.

In a statement, the Walmart-owned company said the buyback offer follows a three-tier model based on seniority