PHONEPE CEO
ET AI Business Transformation Masterclass heads to IIM Bangalore to decode enterprise AI adoption
The AI Business Transformation Masterclass & Awards 2026 at IIM Bangalore will feature leaders from IndusInd Bank, PhonePe, PepsiCo, Shadowfax, Myntra, Shopify, NVIDIA and other organisations. Sessions will cover agentic AI, voice technology, supply chains, contextual commerce and physical AI, followed by the ET Most Innovative AI Product Awards 2026.
ET Wealth Expo 2026: From building wealth to financial freedom, two days of insights for today’s investors
Mark your calendars for the ET Wealth Expo 2026, happening on October 30 and 31 at Mumbai's NESCO Convention Centre. This event promises to bring together top professionals for insightful discussions on investment strategies and wealth management. Attendees can expect sessions covering crucial topics such as intergenerational wealth transfer and global investment opportunities, alongside keynote speeches aimed at addressing future challenges in wealth management.
Why Walmart would rather keep Flipkart private, for now
Over the past few weeks, much has been written about former employees of the online commerce company writing to Walmart's board, asking for liquidity on the stock options they were granted 10 to 15 years ago. On October 1, at least eight former senior executives, among them former Myntra CEO Mukesh Bansal and former chief business officer Ankit Nagori, wrote to Walmart chairman Gregory Penner, other board members and Flipkart Group CEO Kalyan Krishnamurthy, seeking a complete exit for all former employees holding vested options.
Zetwerk IPO fully subscribed; Super.money triples revenues
Zetwerk’s Rs 5,012-crore IPO was subscribed 3.06 times on Monday, the last day for bids. This and more in today’s ETtech Top 5.
YC-backed AI video creation startup Clueso raises $10 million led by Dharana Capital
The round saw participation from new investors Founders Future and Neotribe Ventures, along with existing investors Y Combinator and f7 Ventures. More than 80% of the fresh capital came from existing investors, the company said, taking its total capital-raise to $12 million.
The ET Startup Awards 2026 special
Happy Monday! The Economic Times Startup Awards (ETSA) 2026 ceremony brought together the country’s top founders, investors, and policymakers in Bengaluru for a Friday evening of sharp insights and spirited conversations.
ETSA 2026: Over a decade on, India's startup story is only getting started
The 12th edition of The Economic Times Startup Awards (ETSA) captured this transition, reflecting an ecosystem that has moved beyond the race for scale to pursue technological depth, durable businesses and international markets.
ET Exclusive: Flipkart’s former suites write to Walmart board, seek fair treatment and full cash out of vested ESOPs
A group of former senior Flipkart executives has urged Walmart to buy back their vested stock options. This request comes after the company's plans for an initial public offering have been postponed again. Recent leadership changes at Flipkart have highlighted ongoing tensions between former executives and current management. The signatories argue that those who contributed to Flipkart's success deserve liquidity opportunities.
PhonePe gets in-principle approval for two UAE payment licences
PhonePe has secured in-principle approval from the UAE central bank for two payment licences, marking its first international market entry. The company plans to work with local banks and payment firms and explore integration with domestic rails such as Aani and Jaywan once it receives final regulatory clearance.
Decoding MDR’s impact; EV bikes’ policy change sparks debate
Happy Thursday! The return of MDR is set to change UPI's market share game. This and more in today's ETtech Morning Dispatch.
TRUE ARTIS raises Rs 11.4 crore to expand network of premium aesthetic surgery centres
Seed round led by Zeropearl VC will support two new centres in Delhi NCR, expansion of specialist teams and technology-led patient care
UPI charges from October 15; Activate’s maiden fund
Happy Wednesday! The NPCI has announced charges on select UPI merchant payments. This and more in today's ETtech Morning Dispatch.
Credit for the next 50 crore: How PhonePe’s new co-branded cards target India’s underserved
At GFF 2026, PhonePe unveiled a suite of co-branded credit cards with HDFC Bank and SBI, plus the Wishcard for consumers with limited or no credit history. The products build on UPI-era behaviour to tap into formal credit, aiming to bring rewards, flexibility and credit-history building to Gen Z, homemakers, freelancers and semi-urban India.
No smartphone, no internet? PhonePe brings UPI to 220 million feature-phone users
At the Global Fintech Fest 2026 in Mumbai, PhonePe announced UPI 123Pay support for its app on feature phones, taking the SMS-based, internet-free payments stack pre-loaded on HMD, Nokia, Lava and itel handsets to 200 million-plus Indians still on basic phones.
Amazon Now’s sales surge; govt’s stance on UPI charges
Happy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more in today’s ETtech Morning Dispatch.
Paytm will stay profitable even without MDR, government support: Vijay Shekhar Sharma
His comments come as the government moves towards allowing charges on a limited set of UPI transactions. On Monday, the government notified that UPI transactions of up to Rs 2,000 will remain free of MDR, while leaving the door open for levies on higher-value transactions.
Daily vs weekly vs monthly SIP: Does investing more frequently create more wealth?
A comparative study of daily, weekly, and monthly SIPs across 5 active equity fund categories and 5 time horizons offers a clear answer.
“Whether we leave anyone behind”: Sameer Nigam’s blueprint for PhonePe’s second decade
At Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the construction of India’s financial rails and unveiled a second act tied to a single question: whose progress still remains outside the frame?
PhonePe to foray into UAE in maiden foreign outing
The company has received a licence from the Central Bank of UAE and will soon be operationalising the same, its founder Sameer Nigam told reporters on the sidelines of the annual Global Fintech Festival here. Through the licence, PhonePe will be able to undertake a slew of activities, including the launch its own wallet, gift card, remittance services for the diaspora and also do local merchant acquiring, he added.
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