Morgan Stanley values Flipkart's payments arm PhonePe at $7b: Report

Morgan Stanley values Flipkart's payments arm PhonePe at $7b: Report

PhonePe co-founder Sameer Nigam. Photo: Mint

Flipkart-owned payments company PhonePe has been valued at a starkling $7 billion by Morgan Stanley in its latest report, which also said that PhonePe has been the key factor for driving up Walmart’s share price.