ZestMoney acquisition deal called off by PhonePe over due diligence, valuation concerns

ZestMoney acquisition deal called off by PhonePe over due diligence, valuation concerns.

PhonePe, a renowned finance firm that offers EMI financing options to online buyers and is supported by Walmart, has opted to abandon its acquisition intentions for ZestMoney.

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The sudden action was taken in response to worries about risk management.

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The collapse of the acquisition serves as a reminder that, even in the hectic world of startup transactions.

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