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Flipkart to invest in new business like PhonePe

Flipkart to invest in new business like PhonePe

Wednesday, April 12, 2017, 11:24 AM

Flipkart on Wednesday said it proposes to invest-major-part of money raised from latest deals, including with Microsoft, in new businesses such as PhonePe and fintech considering opportunities in online money transfer segment. "A large part of the money raised from the latest deals struck with Tencent, Microsoft and eBay, will be invested in new businesses, especially PhonePe and fintech," said Binny Bansal, CEO, Flipkart.
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