PhonePe Eyes $1.5B IPO with Walmart Backing

  Published 1 year ago

Walmart-backed PhonePe plans $1.5B IPO, targeting $15B valuation by August with 600M users and 310M daily UPI transactions.

  • Aims to raise to $1.5 billion, valued at $15 billion, with a filing by August as part of its public offering plans.
  • Serves 600 million users across 40 million merchants in India through its popular UPI payment platform.
  • Processes over 310 million online transactions daily, leveraging India's unified payments interface (UPI) system.

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