Employee stock ownership plans (ESOPs) are granted by many start-ups, but are generally given on the basis of seniority and critical role

PhonePe Pvt Ltd, Singapore (formerly Flipkart Payments Pvt Ltd) was allotted 198,755 shares and the total amount paid was Rs 150,00,03,985, according to documents sourced by business intelligence platform Tofler

In less than four years, PhonePe has emerged as the leader in UPI transactions, neck-and-neck with Google Pay, leaving behind Paytm and others. But where is the revenue model?

The move will help PhonePe access long-term capital to fund its growing operations. Flipkart will remain the platform's majority shareholder

Walmart-backed PhonePe allows users to send and receive money, recharge mobile and make utility payments

PhonePe is planning an initial public offering (IPO) by 2023. The Walmart-owned digital payment company headquartered in Bangalore eyes a valuation of $7-10 billion

Google pay and PhonePe are neck and neck with nearly 40 per cent share of India's fast-growing UPI payments, Google Pay often slightly ahead

Yes Bank news: PhonePe is dependent upon YES Bank to process its transactions

Many business owners feared the central bank's move would sting their operations too as the lender, with 1,000 branches across India, has many commercial clients

Yes Bank crisis: Governor Das' comments come after RBI imposed restrictions on Yes Bank for a month. Yes Bank depositors can only withdraw Rs 50,000 in that period

Yes Bank crisis: On Friday morning, PhonePe founder and CEO Sameer Nigam acknowledged that the outage was due to the RBI restrictions on Yes Bank

The Flipkart-owned PhonePe incurred a loss of Rs 791.03 crore in FY18. The company's losses are mounting amid stern competition against rivals like Paytm, Google Pay and Amazon Pay

McMillon's letter comes amid accusations of \"unfair business practices\" and violation of FDI norms levelled against Flipkart and Amazon by the Confederation of All India Traders (CAIT), following which the government has increased its scrutiny

PhonePe CEO said that Walmart is now looking at the company differently in terms of its potential size and opportunities as to how they may work with them across different markets.

About 1.5 billion people are expected to watch the tournament worldwide, more than 15 times the audience for the Super Bowl of American football

Walmart International President and CEO Judith McKenna visited Bengaluru-headquartered Flipkart to commemorate the first anniversary of the partnership between the two companies, the e-commerce company said Friday.

McMillon expressed satisfaction at the progress made by Flipkart and said Walmart is aggressive on the Indian market given the size of the opportunity.

Flipkart's payments arm has been beefing up its war chest amid intensifying competition in India's $200 billion digital payment market, expected to mushroom to $1 trillion in the next five years