After making money from Phonepe, it seems FK has started a Phone Pe competitor as a separate company 😁. Heard Flipkart CEO had a huge fight with Phonepe CEO as well
Link?
Didn't find in any news.
Lol so the demerger was a result of a boardroom fight?
Damn CEOs and their massive egos. But good for consumers I guess.
Yup they are hiring folks for this team. An Fk recruiter had reached out about a month back
And the esops holders benefited the most out of it ✨
Walmart owns majority share in both PhonePe and Flipkart, PhonePe is a separate entity from Flipkart, but why is Flipkart itself entering into UPI ecosystem when it is dominant in e-commerce and PhonePe is dominant in UPI and payments.
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Migrating PhonePe to India 1B $ in useless tax
Like that stupid separation of PhonePe from Flipkart ~0.7B $
Now this 3.5B$ just to increase its stake when it was already a majority owner! What's going on?
Maybe, Taking on Reliance retail and Amazon in India? Tech infra for Walmart (random guess) 100% or ownersh...
Any news on who is getting it, what's like an average payout for eligible employees? As per the news article, approx 19000 employees are getting it. Anyone has insider info?
Got around 3CR
Which company should I join for this kind of payout in future?
Got around 7L from phone pe payout. Suddenly feels like 3-4 months salary hit my bank account suddenly.
Flipkart is trying to enter two different market segments at the same time: Quick Commerce and UPI. There are already proven players in the space and it isn't possible to enter these segments without loads of investment. I wonder what Fl...
