NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%
NIFTY23,4060.33%
SENSEX74,3460.41%
BANKNIFTY54,1860.88%
NIFTY IT29,3845.57%
PHARMA24,0870.33%
AUTO26,0930.05%
FMCG48,1241.01%
METAL13,5350.17%
REALTY762.601.39%
ENERGY40,1970.02%

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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