Stay updated with breaking news from Reverse Flip. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Nigam revealed that as a result of the company's merger with Flipkart, he didn't own a single share in PhonePe, apart from employee stock options (ESOPs).
The edtech unicorn sees revenues from India increasing over the next few years. On Monday, it reported a 70% surge in FY23 revenue
While a reverse flip to India is a costly affair, Razorpay will be able to manage the same with its available funding, Sources told Moneycontrol. PhonePe, which recently domiciled to India from Singapore, said that its investors had to cough up almost Rs 8,000 crore in taxes.
Indian Finance Minister Nirmala Sitharaman presented Union Budget of India for FY 2023-24. With India’s current economic growth estimated to be 7%, Budget envisions empowered economy which is technology-driven, knowledge-based with strong public finances.