Walmart-backed Indian fintech firm PhonePe has temporarily paused its plans for an initial public offering (IPO), citing geopolitical tensions and volatility in global capital markets. The company said it will resume the listing process once market conditions stabilize.
Walmart-backed Indian fintech giant PhonePe is targeting a valuation of $9 billion to $10.5 billion in its upcoming initial public offering (IPO), sources familiar with the matter said. The IPO could raise around $900 million to $1.05 billion, marking a lower valuation than the $12 billion private round PhonePe closed in 2023.
16 Mar 2026-13:30
04 Mar 2026-10:48
