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.
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March 2023
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
VC funding in India drops 74% to $2.4 bn in March quarter
Despite the decline, India continues to be a key APAC market for VC funding and stands next only to China in terms of both VC deals volume and value.
PhonePe raises another $100 mn from General Atlantic at $12 bn valuation
The current investment comes three months after General Atlantic infused three $350 million in the Indian fintech startup.
PhonePe rings in ONDC with ‘Pincode’
A new hyperlocal app on the network begins its pilot in Bengaluru, aims 1,00,000 orders a day by the end of the year.
PhonePe launches e-commerce app Pincode
The Pincode app will focus on hyperlocal commerce.
UPI transactions to remain free for customers, clarifies NPCI
Bank account-to-account transactions continue to remain free for customers and merchants, says UPI operator NPCI.
