Tech
PhonePe is partially spinning off, reducing Flipkart's stake from 100% to 87%, and raises $700M led by Walmart at a post-money valuation of $5.5B (Manish Singh/TechCrunch)
![PhonePe is partially spinning off, reducing Flipkart's stake from 100% to 87%, and raises $700M led by Walmart at a post-money valuation of $5.5B (Manish Singh/TechCrunch)](https://ournewsfortoday.com/wp-content/uploads/2020/12/PhonePe-is-partially-spinning-off-reducing-Flipkart039s-stake-from-100.jpg)
Manish Singh / TechCrunch:
PhonePe is partially spinning off, reducing Flipkart’s stake from 100% to 87%, and raises $700M led by Walmart at a post-money valuation of $5.5B — PhonePe, the crown jewel in Flipkart’s acquisition by Walmart, is “partially” spinning off, the financial services firm said on Thursday.
[ad_2]
Source link