Wednesday, May 08, 2024
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Phonepe Revenue

Ritesh has been a supporter of the company since its initial days. Previously, he was the president of products and solutions at TerraPay

Walmart's CFO, John David Rainey, mentioned that both Flipkart and its digital payments arm, PhonePe, are likely to launch IPOs at some point

As per the report, Initially, the company will function as a distributor for personal loans, gradually establishing its credit underwriting capabilities

US-based private equity group General Atlantic may lead the round with an investment of $450-500 million