What is the difference between pinocytosis and phagocytosis?

Pinocytosis	Phagocytosis
It is a 'cell drinking' phenomenon where the bulk intake of extracellular fluid with the help of vesicles called pinosome takes place.	It is a 'cell eating' phenomenon where the bulk intake of solid material from outside to the inside of a cell takes place with the help of a phagosome.
There is no exocytosis after pinocytosis.	Exocytosis takes place after phagocytosis to remove a waste undigested product.
Lysosome do not have any significant function.	Lysosome combines with food to form food vacuole.