Discover and read the best of Twitter Threads about #startupnews

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2018:
We had seen WalMart acquiring 77% of Flipkart shares for $16 Billion despite the company suffering losses of $20 Billion FYI 2017-18

2022:
Despite having a profit of $2.5 Billion each year, Prosus/PayU withdraws its $4.7 billion deal to acquire India's BillDesk
#startups
#BillDesk:
Industry estimates indicate that BillDesk holds between 25 and 30 percent of the market for online payment aggregators

#PayU:
While PayU is the third-largest player in India with a market share of between 10 and 15 percent 2/6
#startupindia #startups #acquisitions
#BillDesk:Government as well as the Banking, Financial Services, and Insurance (BFSI) sectors are strongholds for BillDesk.

#PayU:
While many internet businesses prefer PayU as their preferred payment gateway. 3/6

#startupindia #startups #acquisitions #startupnews
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