News > Flipkart and PhonePe announce their official Separation

Flipkart and PhonePe announce their official Separation

Flipkart and PhonePe have announced their separation six years after the e-commerce giant acquired the latter, according to a joint statement released on Friday. PhonePe is now a wholly India-domiciled firm following the conclusion of the separation. The existing shareholders of Flipkart Singapore and PhonePe Singapore, led by Walmart, have taken up equity directly in PhonePe India as part of the split of the two companies.