Flipkart infuses â¹518 crore in its payments arm PhonePe
Homegrown e-commerce giant Flipkart has infused â¹518 crore in its payments arm PhonePe, according to filings. The current transaction values PhonePe at around â¹3,740 crore, according to reports. In October last year, Flipkart committed around â¹3,254 crore ($500 million) in PhonePe which was launched in 2015 and was acquired by the company in 2016.