PhonePe reported a profit of Rs 197 crore in FY24, excluding Esop costs, after facing losses of Rs 738 crore in FY23. Revenue increased by 74%, reaching Rs 5,064 crore. Valued at $12 billion, the company plans to go public and has expanded into sectors like insurance, merchant lending, and stock broking.
Related Posts
Dhanteras boosts consumer sentiment ahead of Diwali
Dhanteras brought cheer for the consumer industry as robust sales were seen in cars, two-wheelers, smartphones, and premium electronic appliances. Despite high gold prices, buyers […]
UK budget: Taxes raised by $52 billion, most in 30 years
UK Chancellor Rachel Reeves announced a 40 billion pound tax hike, the largest in 30 years, to address a fiscal shortfall left by the previous […]