PhonePe Flipkart Separation: PhonePe launches share market app, IPO coming soon, know details
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PhonePe Flipkart Separation: Digital payment platform company PhonePe has now entered the broking of the stock market. Dekacorn financial technology company PhonePe has forayed into the share broking segment. PhonePe has started a market platform for this. Dekacorn refers to a startup company whose market valuation is more than $ 10 billion. Ujjwal Jain will be the Chief Executive Officer (CEO) of this new platform – Share.com Market. Sameer Nigam, Founder and CEO, PhonePe said that with the foray into the share broking segment, the company has completed its financial services portfolio. He said that we have got market share as a brand. Walmart group company PhonePe has launched Share.com market with shares and ETFs. The company will gradually add futures and options segment to it. Apart from this, it will also land in other sections. The brand was unveiled by Sundararaman Ramamurthy, Managing Director and CEO, BSE. Currently PhonePe provides payment, e-commerce, banking and insurance services.
IPO will come soon
Market information shows that it has become clear from the new update that PhonePe is going to bring IPO soon. PhonePe is trying to increase its user base with the help of this app, as trading in the stock market is becoming increasingly popular in the country. Let us tell you that PhonePe has completed the process of separation from its parent company Flipkart. With the completion of the demerger process, the company has entered into broking of the stock market.
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