Flipkart, too, is planning a US listing by 2022, the report added. US retail giant Walmart acquired a 77 percent stake in Bengaluru-based Flipkart in May 2018. The Walmart leadership has told PhonePe and Flipkart about building the 'path to profitability' and PhonePe has set a target to be profitable by 2022,. All employees at PhonePe have started working towards that goal.
This story is from the September - October 2020 edition of Business Sphere.
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This story is from the September - October 2020 edition of Business Sphere.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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