Flipkart hives off PhonePe, pumps in $700 million, pushes valuation to $5.5 billion

Flipkart hives off PhonePe, pumps in $700 million, pushes valuation to $5.5 billion The Flipkart board had cleared the move back in March 2019, but the hive-off is happening only now. This will enable PhonePe to raise more capital for the long term.

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