Sameer Nigam

Flipkart announces separation of Phonepe

Indian e-commerce giant Flipkart has announced the separation of the digital payments platform Phonepe, setting the two businesses as separate entities. Flipkart will no longer own any stake in PhonePe, said its parent company. The businesses will now chart their separate growth paths. The move comes as PhonePe, which was acquired by Flipkart in 2016, […]