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Tiger Global

Walmart-backed PhonePe pauses IPO amid tensions

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.

16 Mar 2026-13:30
Walmart-backed PhonePe targets $10.5B valuation in India IPO

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.

04 Mar 2026-10:48
India court to rule on Tiger Global Flipkart tax case

India’s Supreme Court is set to rule Thursday on whether U.S. investment firm Tiger Global should pay taxes on its $1.6 billion 2018 Flipkart stake sale to Walmart. The case, closely watched by foreign investors, could set a landmark precedent for how India interprets international tax treaties.

15 Jan 2026-14:01
Self-driving vehicle startup Nuro valued at $6 billion in latest funding round

Self-driving vehicle startup Nuro Inc has raised $203 million in a late-stage funding round, bringing the company’s valuation to $6 billion. New investors Uber and Nvidia joined returning backers in the round, which included T. Rowe Price, Fidelity, and Tiger Global.

21 Aug 2025-18:00

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