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PhonePe prepares for large fintech listing after regulatory alignment
PhonePe is preparing a major fintech IPO after securing regulatory clearance, with valuation reset expected at scale of ₹40,000 crore.
Fintech payments platform PhonePe is preparing to file papers for a potential ₹40,000 crore public offering following regulatory approvals from the Reserve Bank of India. The Walmart-backed company controls nearly 47% of the UPI market share. A valuation reset is expected based on updated profitability and transaction scale. The proposed IPO is anticipated to be one of India’s largest fintech-led public market entries.