Flipkart's PhonePe looking to raise $1 bn by 2019: Report
Flipkart-owned payments platform PhonePe is reportedly looking to raise $1 billion by next year from investors outside of Walmart. PhonePe separately also received $175 million from Walmart last week, as part of the $500-million commitment, the reports added. Earlier, Flipkart rejected Google's investment in the startup with the belief that the search giant was a potential rival.