The initial public offering of Walmart's Flipkart marketplace and PhonePe digital payments platform could be delayed for a couple of years, said a Walmart executive as reported by Reuters.

Per a Flipkart spokesperson, the payouts will be made by July 31, having communicated the same to employees before More than 24,000 employees, including Flipkart and Myntra staff who have since ...

Prior to that, he said that both Flipkart and PhonePe had a huge addressable market opportunity to tap into going forward. The optimism is not without reason. Flipkart was last valued at more than ...

This comes seven months after the fintech giant was hived off from the parent company Flipkart in December 2022. “…. the company and the board have agreed upon a new share price for Flipkart ...

The separation of Flipkart and PhonePe could also have an impact on the former’s valuation – while the e-commerce giant is currently valued at $37.6 billion after a fundraise of $3.6 billion ...

Currently, Walmart is in talks with Accel and Tiger Global to buy their shares for around $1.5 Bn, valuing Flipkart at $30 Bn Walmart has already spent $780 Mn in taxes to bring PhonePe’s ...

The top 20 employees of Flipkart, the most senior and early staffers of the e-commerce giant, will be getting as much as $200 million out of the $700 million payout, The new share price of ...

The initial public offerings (IPOs) of the Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. Speaking on the sidelines of Walmart ...

Binny Bansal, the cofounder of ecommerce giant Flipkart, is said to be in talks ... 450 Mn in recent weeks across two funding rounds from PE major General Atlantic, Tiger Global and Ribbit Capital ...

Ecommerce giant Flipkart has launched Unified Payments Interface (UPI) app super.money to further the group's fintech ambitions. The Walmart-backed company has its own UPI handle within the ...

Investments in Flipkart and PhonePe have been contributing positively to Walmart's international segment, enhancing growth and operating income. The potential monetization of these investments could ...