Walmart-owned digital payment startup PhonePe’s losses have gone up by more than 2X to around ₹1907.4 crore during the financial year ended March 2019 (FY19) on account of higher expenses, according to its latest filings with the registrar of companies (RoC). PhonePe’s losses increased from around ₹791 crore reported in the previous financial year (FY18).
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