India: Flipkart in talks to buy former executives-led payments startup PhonePe

India: Flipkart in talks to buy former executives-led payments startup PhonePe

Visual from FlipKart website

India’s largest e-commerce company Flipkart Ltd is in talks to buy a majority stake in PhonePe Internet Pvt. Ltd, a payments start-up started by three of its former senior executives, two people familiar with the matter said.

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