Home News Flipkart hives off PhonePe, chips in with $700 million funding – Here...

Flipkart hives off PhonePe, chips in with $700 million funding – Here is why

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Walmart has led a clutch of present traders in chipping in with an funding of $700 million in PhonePe, even because it introduced a partial spin-off of digital funds platform from Flipkart.

Flipkart will nonetheless stay the PhonePe’s majority shareholder and the 2 corporations will “retain their shut collaboration.”