PhonePe's ₹97,000-Crore IPO: A Comparison with Paytm's Public Offering
PhonePe Prepares for $10.5 Billion IPO
PhonePe, a leading fintech company backed by Walmart, is gearing up for a significant initial public offering (IPO) with a target valuation of up to $10.5 billion (approximately ₹97,000 crore). This valuation is lower than the $12 billion valuation at which PhonePe last raised $100 million from private equity investors in 2023.
Investor Takeaway
Investors should consider PhonePe's valuation in the context of its previous funding rounds.
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