M&A Deal Summary

Flipkart Acquires PhonePe

On April 1, 2016, Flipkart acquired internet software and services company PhonePe

Acquisition Highlights
  • This is Flipkart’s 3rd transaction in the Internet Software and Services sector.
  • This is Flipkart’s 3rd transaction in India.

M&A Deal Summary
Date 2016-04-01
Target PhonePe
Sector Internet Software and Services
Buyer(s) Flipkart
Deal Type Add-on Acquisition

Target

PhonePe

Bangalore, India
PhonePe is a mobile payments company. The Company is based in Bangalore, India.

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Buyer(S) 1

Buyer

Flipkart

Bengaluru, India
Category Company
Founded 2007
Sector E-Commerce
DESCRIPTION

Flipkart is an e-commerce destination and offers a wide range of product categories including electronics, household items, and apparel to customers across India. Flipkart was established in 2007 and is headquartered in Bengaluru.

DEAL STATS #
Overall 4 of 8
Sector (Internet Software and Services) 3 of 6
Type (Add-on Acquisition) 4 of 8
Country (India) 3 of 7
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-29 Appiterate

Santa Clara, California, United States

Appiterate is a mobile engagement and marketing automation company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-26 F1 Info Solutions & Services Pvt.

Mumbai, India

F1 Info Solutions & Services Pvt. Ltd. is a neutral service provider in the field of IT, Telecom, Security surveillance, Home Automation and other areas. F1 Info Solutions & Services Pvt. Ltd. was established in 2012 and is based in Mumbai, India.

Buy -
Mergr

Product

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