PhonePe backed monopoly IT company partners with Kia India for providing navigation solutions; FIIs and DIIs increased stake in Q4 FY24 PhonePe backed monopoly IT company partners with Kia India for providing navigation solutions; FIIs and DIIs increased stake in Q4 FY24 PhonePe Private Limited holds a substantial stake of 18.86 per cent in the company, according to the Q4 FY24 update. Rakesh Deshmukh / Thursday, May 2, 2024 / Article rating: 4.2 PhonePe Private Limited holds a substantial stake of 18.86 per cent in the company, according to the Q4 FY24 update.