- PhonePe was acquired by Flipkart in 2016.
- PhonePe changes its domicile from Singapore to India in 2022.
- It has a customer base of nearly 400 million.
- Walmart acquired Flipkart in 2018, so both Flipkart and PhonePe came under Walmart.
- Now, PhonePe has completed its separation from Flipkart and become a fully India-domiciled company.
- As of now, Walmart has the majority of shares in both Flipkart and PhonePe.
- So both will operate under the US-based retail giant Walmart.
- Static Part:
- Founder and Chief Executive Officer (CEO) of PhonePe India – Sameer Nigam
- Headquarters – Mumbai, Maharashtra
Question:
Q.1 PhonePe was acquired by Flipkart in which year?a. 2015
b. 2016
c. 2017
d. 2018
