Payment major PhonePe has been hived off from Flipkart into a separate entity, a move that will give it more autonomy. The announcement came on Thursday alongside that of a fund infusion of $700 million that values PhonePe at around $5.5 billion. The new capital has come from Walmart, which owns Flipkart, and other existing investors.December 04, 2020 at 04:00AM
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