How come both swiggy and phonepe have same valuation when revenue ( FY23 ) of swiggy is much higher than that of phonepe
phonepe valued at $12B around Feb'23 while swiggy was recently valued at $12.7B
#equity#startup#swiggy#phonepe
Its about the earnings potential.. phonepe's lending is very highly profitable aspect of business.
With lending alone for which phonepe has the massive data of the users expenditure habits, can be very profitable in long run.
Its about the earnings potential.. phonepe's lending is very highly profitable aspect of business. With lending alone for which phonepe has the massive data of the users expenditure habits, can be very profitable in long run.