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Top News In Burzin Engineer Today - Breaking & Trending Today

fintech - $1 billion tax slap on PhonePe - Telegraph India - Vimarsana News

fintech - $1 billion tax slap on PhonePe - Telegraph India

The fintech firm was last valued at around $5.5 billion in December 2020, based on multiple media reports

Flipkart, PhonePe complete separation; Walmart continues to be a majority stakeholder - Vimarsana News

Flipkart, PhonePe complete separation; Walmart continues to be a majority stakeholder

PhonePe was founded by ex-Flipkart executives Sameer Nigam, Rahul Chari and Burzin Engineer, and was acquired by the ecommerce giant in 2016.

IPO-Bound PhonePe Completes Separation From Flipkart - Vimarsana News

IPO-Bound PhonePe Completes Separation From Flipkart

Ecommerce major Flipkart has completed the full ownership separation process of digital payments platform PhonePe

Source: inc42.com
PhonePe to invest $200 mn on data centres - Vimarsana News

PhonePe to invest $200 mn on data centres

PhonePe co-founder and chief reliability officer Burzin Engineer said the $150 million investments will take the overall capacity to over 14 mega watt spread across three facilities in Bengaluru and the one inaugurated at Navi Mumbai

PhonePe investing 200 million dollar on data centres - Vimarsana News

PhonePe investing 200 million dollar on data centres

Speaking to reporters after the launch of a data centre facility at Navi Mumbai, Chari said PhonePe will be investing USD 200 million in data centres. He said the company has already invested USD 150 million but did not specify a timeline for investing the remaining USD 50 million.

Source: india.com