Flipkart no longer owns a stake in PhonePe, the two companies say; source: PhonePe is in talks to raise $1.5B at a pre-money valuation of $12B (Manish Singh/TechCrunch)

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Manish Singh / TechCrunch:
Flipkart no longer owns a stake in PhonePe, the two companies say; source: PhonePe is in talks to raise $1.5B at a pre-money valuation of $12B  —  Indian e-commerce giant Flipkart no longer owns a stake in payments firm PhonePe.  The two said on Friday that they have completed …

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