Sachin Bansal And Binny Bansal Of Flipkart

In January this year, Bansal also stepped down from Flipkart's board. He had been on the PhonePe board since 2016, when the Flipkart group acquired the payments firm

Walmart may put an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature business

PhonePe has a formidable market presence in the Indian digital payments space. The app leverages the Unified Payments Interface (UPI) like its other peers

Tiger Global was one of the prominent shareholders in e-commerce major Flipkart, founded by Sachin Bansal and Binny Bansal in 2007.

The investment will make Son, through his Vision Fund, one among largest shareholders in Flipkart