On @Breakingviews: Walmart's PhonePe is raising funds at a $12 billion valuation, or 25 times forecast sales, sixfold rival Paytm's multiple. Its dominant market share helps, but the premium assumes it can make a smooth transition to lending: @ShritamaBose https://t.co/ZDJDzy71ub— Reuters (@Reuters) March 22, 2023
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