PhonePe completes separation from Flipkart ahead of IPO
PhonePe completes separation from Flipkart ahead of IPO, Walmart-owned e-commerce platform Flipkart and digital payments platform PhonePe, on Friday announced the full ownership separation of PhonePe as the company gears up for initial public offering (IPO). As part of this transaction, existing Flipkart Singapore and PhonePe Singapore shareholders, led by Walmart, have purchased shares directly in PhonePe India. The separation from Flipkart makes PhonePe a fully India-domiciled company, a process that started earlier this year.…