Flipkart announces acquisition of payments start up PhonePe Internet Pvt Ltd

Q.  e-Commerce giant Flipkart announced the acquisition of payments start up PhonePe. Who launched this start up?
- Published on 04 Apr 16

a. Burzin Engineer
b. Rahul Chari
c. Sameer Nigam
d. All of the above

ANSWER: All of the above
 
e-Commerce giant Flipkart on April 1, 2016 announced the acquisition of payments start up PhonePe Internet Pvt. Ltd. Startup was launched in December 2015 by former Flipkart executive Sameer Nigam along with Rahul Chari and Burzin Engineer Phone Pe will function as an independent business unit and details of the transaction were not disclosed Product is based on Unified Payments Interface, a new process in electronic funds transfer launched by NPCI.

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