PhonePe racks up $200 million from Walmart, Swiggy’s zero commission offer for new restaurants

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Key Points

This and more in today's ETtech Top 5.Also in this letter: Transition at TCS won't be dramatic: incoming CEO ChatGPT Plus launched in India ETtech Deals Digest: Lenskart, PhonePe funding rounds prop up fundingWalmart invests another $200 million in PhonePePhonePe cofounders Sameer Nigam and Rahul ChariDigital payments major PhonePe has racked up another $200 million from its parent Walmart..

Quote, Unquote: We are excited about PhonePes future and have confidence in how it continues to expand its offerings and provide access to financial services for Indians at scale, said Judith McKenna, president, and CEO of Walmart International..

Whats the offer? The offer includes the commission waiver and support in the form of a dedicated growth manager, free advertisements on the Swiggy app, extended delivery radius, apps to manage business performance and online menus, as well as data and insights through business intelligence dashboards for these restaurants..

Tweet of the dayChatGPT Plus subscriptions launched in IndiaOpenAI has launched ChatGPT Plus, a paid and improved version of the popular AI chatbot ChatGPT, in India to improve the artificial intelligence ( AI) experience for users during rush hours, the company said..

A total of $782 million was poured into Indian startups this week across 25 rounds, a 34% jump compared to the same period last year when startups raised $582 across 66 rounds, according to data provided by market intelligence firm Tracxn..

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