Year Of Reckoning For New-Age IPOs
As investors start looking closely at company bottom lines, the long list of start-up IPOs will have a tough time convincing investors.
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May 2024
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PhonePe's Indus Appstore surpasses 1 mn installations in 1 month
PhonePe says 45% of the users of this indigenous app store come from Tier 2 cities.
How PhonePe's Indus Appstore plans to take on Google Play Store
Developers are desperate for an alternative, says PhonePe founder and CEO Sameer Nigam.
Fintech war on social media as Pine Labs takes dig at Paytm front-page ads
Trying to cash in on crisis at rival Paytm Payments Bank, Pine Labs delivers a message with digital ad campaign, proclaiming, ‘The front page can be bought. Trust cannot’
It Is Not Just About Funding Winter
Investor focus on quality companies driven by caution and scalability.
PhonePe revenue jumps 77% to ₹2,914 cr in FY23
PhonePe's revenue growth was driven by the launch and scale-up of new products.
PhonePe forays into stockbroking; launches share.market
Share(dot)Market allows users to invest in stocks, mutual funds, exchange-traded funds (ETF), and quantitative research-based WealthBasket.
PhonePe's account aggregator services to allow sharing of financial data
PhonePe has launched a mini-app on its payments app; feature to be helpful while applying for loans, buying new insurance, getting investment advice
PhonePe gets another funding boost worth $100 mn from General Atlantic
With the latest primary infusion, PhonePe has now raised a total of $850 million of primary capital in the current round
Flipkart records double-digit sales growth in March quarter
Walmart CEO says the retailer has a big opportunity to increase exports from India across quite a few merchandise categories
