Flipkart has announced a partial spin-off of digital payments platform PhonePe. Flipkart acquired PhonePe as a mobile payment start-up back in 2016 and launched the services in the same year. After four years, PhonePe has crossed the 250 million registered user users and has over 100 million monthly active users (MAU). Continue reading “Flipkart to partially spin-off PhonePe, valued at $5.5 Billion after raising $700 million”