PhonePe Raises $350 Million From General Atlantic at $12 Billion valuation
Walmart-owned fintech PhonePe raised $350 million in funding from General Atlantic at a pre-money valuation of $12 billion. The investment marks the first of a...
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Flipkart Internet Gets $90 Million in Funding from Singapore Parent
Flipkart Internet, the marketplace arm of e-commerce firm Flipkart, has secured a fresh capital injection of around $90 million from its two Singapore-based entities, Flipkart...
Flipkart to Conduct $700 Million ESOP Buyback Amid PhonePe Funding Round
Flipkart may conduct $700 million in employee share buybacks as part of PhonePe’s new funding round. PhonePe is expected to raise between $1.5 billion and...
Walmart to Raise $3 BN for Flipkart, Valuing $40 BN
According to a news report, Walmart is planning to raise USD 2-3 billion for its subsidiary Flipkart at an estimated more than USD 40 billion...
PhonePe Raises General Atlantic at $12 Billion Valuation
Payments and financial services unicorn PhonePe is in talks for a new funding round led by General Atlantic at a valuation of more than $12...
Walmart’s Walmart+ Membership Has Reached a Record 17 Million, Says Morgan Stanley
On Monday, a research note on Walmart (NYSE: WMT) with positive analysis was published by a Morgan Stanley analyst.Walmart’s shares are now up 0.7 per...
Squadstack Raises $17.5 Million Led by Bertelsmann India Investments
Software-as-a-Service (SaaS) startup SquadStack has raised Rs 140 crore ($17.5 million) in a series B round led by Bertelsmann India Investments, with participation from existing...
Tata Digital Asks Extra Funds From Tata Sons For Digital Expansion
Tata Digital has asked for additional funds from Tata Sons to help in the growth plans of its digital retail initiative as negotiations with global...
Walmart CEO Commits $10 Billion Exports by 2027 From India
Walmart International CEO Judith McKenna has repeated the company’s commitment to export $10 billion worth of products out of India per year by 2027, which...
Binny Bansal Sold Part Stake in July Funding
Flipkart co-founder Binny Bansal sold a part of his shares of $200-$250 million in July funding. Bansal sold shares to existing investor Tencent Holdings. In...