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PhonePe

Dec 14, 2019, 03.09 AM IST

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PHONEPE

Flipkart-owned PhonePe receives Rs 585.6 cr infusion from parent firm

PhonePe has seen its losses mount to Rs 1,904.72 crore in 2018-19 from a loss of Rs 791.03 crore for the year ended March 2018. However, its revenue from operations rose manifold to Rs 184.22 crore in 2018-19 as against Rs 42.79 crore a year ago.

PhonePe’s FY19 loss at Rs 1,907 crore

A key reason for the wider loss was higher employee cost and marketing spending that more than doubled.

PhonePe FY19 loss surges to Rs 1,905 crore

The company's losses stood at Rs 791.03 crore for the year ended March 2018, as per regulatory doc...

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