So Flipkart is finally spinning off PhonePe after nearly year-long discussions. PhonePe has raised primary capital of $700M at $5.5 billion valuation, in a round led by parent Walmart https://t.co/LXAdX84piy

— Vikas SN (@tsuvik) December 3, 2020

PhonePe's @_sameernigam on the company becoming a separate entity, $700 million fund-raise that values the company at $5.5 bn & future expansion plans. @MugdhaCNBCTV18 @PhonePe_ @CNBCYoungTurks https://t.co/5pxoUvPUbn

— CNBC-TV18 (@CNBCTV18News) December 3, 2020

PhonePe CEO @_sameernigam to CNBC-TV18

- @PhonePe_ will get its own board & there will be oversight from @Flipkart
- @binnybansal to join PhonePe board
- There will be reps from @Walmart on the board as well
- Flipkart still the majority owner
- Separate ESOP prog for employees https://t.co/CwJiPCVNSq

— Megha Vishwanath (@MeghaVishwanath) December 3, 2020

Financialization rules!
PhonePe, founded by ex-Flipkart employees, got acquired by Flipkart, which got acquired by Walmart.
Now Flipkart is hiving off PhonePe and selling partial stake to Walmart. PhonePe is raising money in a round led by Walmart! https://t.co/JHL9Yq15j5 pic.twitter.com/hPf889Wh8I

— Subrahmanyam KVJ (@SuB8u) December 3, 2020

Financialization rules!
PhonePe, founded by ex-Flipkart employees, got acquired by Flipkart, which got acquired by Walmart.
Now Flipkart is hiving off PhonePe and selling partial stake to Walmart. PhonePe is raising money in a round led by Walmart! https://t.co/JHL9Yq15j5 pic.twitter.com/hPf889Wh8I

— Subrahmanyam KVJ (@SuB8u) December 3, 2020

? ? Flipkart has spun off PhonePe as a separate entity, with the e-commerce major partially divesting its stake in the digital payments firm to its parent Walmart https://t.co/FKrBv6MwM0 @Ashwin_ET @samidhas

— ETtech (@ETtech) December 3, 2020

PhonePe has in the process raised primary capital of $700 million in a round led by Walmart.https://t.co/q46aFzXRST

— Economic Times (@EconomicTimes) December 3, 2020

インド決済「PhonePe」7億ドル調達

Flipkart持分100%→87%に、評価額55億ドル
（Paytm160億ドル）

インド大手銀が構築した決済インフラ「UPI」での10月取引数8.35億件
Google Pay（8.2億件）抜いた

取引数のFlipkart依存度は50％→1％未満に縮小

WhatsAppの決済参入が驚異https://t.co/8LKqsrwxp7

— Kohei Ando (@ando_kohei) December 3, 2020

PhonePe raises $700 million, becomes a separate entity https://t.co/VYRkFJX6G3 pic.twitter.com/bWbpxnKtXn

— nmachi jidenma (@nmachijidenma) December 3, 2020

"PhonePe, the crown jewel in Flipkart’s acquisition by Walmart, is “partially” spinning off, the financial services firm said on Thursday. To kick off its new journey, the firm said it has secured $700 million in a new financing round."https://t.co/ijEu6PAg1f

— Amit Paranjape (@aparanjape) December 3, 2020