Flipkart ready to take on Paytm. Flipkart, online retail major has committed $500 million to PhonePe, its payment arm. This move comes as an effort to take on Paytm, its Noida-based rival. The first tranche of $180-200 million is expected to come in by December-January, according to Sameer Nigam, PhonePe’s chief executive. Salient points of…
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Flipkart plans to infuse $500 million funding in PhonePe







