Sidhartha Shukla / Bloomberg:
In its first annual report, Walmart’s PhonePe says FY 2024 revenue grew 74% YoY to ~$602M, net losses dropped 28% YoY to ~$237M, and 200M MAUs as of March 2024 — – PhonePe released its first detailed annual report on Monday — The fintech saw its loss shrink 28% to about 20 billion rupees
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