E-Commerce Majors Amazon, Flipkart Welcome to Join Network, Says ONDC Head

E-Commerce Majors Amazon, Flipkart Welcome to Join Network, Says ONDC Head

ByNews Polite

E-commerce majors such as Amazon and Flipkart have been invited to join India’s digital public infrastructure Open Network for Digital Commerce (ONDC), said the network’s Chief Executive Officer T Koshi. In an interaction with ANI, Koshi said it invited them and they were welcome to the network. “They are looking…

PhonePe Raises $100 Million From General Atlantic, Investors During Ongoing Fundraise

PhonePe Raises $100 Million From General Atlantic, Investors During Ongoing Fundraise

ByNews Polite

Walmart-owned Indian payments firm PhonePe on Wednesday said it had raised an additional $100 million (roughly Rs. 820 crores) from General Atlantic and other investors as part of its ongoing $1 billion (roughly Rs. 82,063 crores) fundraising to expand into the lucrative lending space. With the latest round, PhonePe, India’s…