According to experts, while the stockbroking space is crowded, by providing a one-stop solution for payments, investments, and more, PhonePe aims to solidify its position as a comprehensive financial services provider. Existing players believe that if PhonePe wants to stand out, it must prioritise innovation and user experience.
Launched in 2021, The Ayurveda Company raised $3 million from Wipro Consumer Care Ventures, Rahul Gupta of Tricity Technologies, and Harsh Gupta of School of Design and Entrepreneurship in its seed funding round.
Various Indian companies are planning to raise more than $1 billion combined from initial public offerings in December. Major companies who will be selling their share include MedPlus, Vedant etc.