positive
45 days agoPhonePe Files for Indian IPO via Confidential Route
Walmart-backed fintech PhonePe has submitted a confidential IPO application with SEBI, aiming for a mid-2026 listing. The firm is targeting to raise about $1.35 billion with existing investors, including Walmart and Microsoft, expected to sell shares. The move comes amid a buoyant Indian primary market, where firms like Pine Labs and LG’s Indian arm are preparing large listings. PhonePe’s valuation in prior rounds was ~$12 billion.
Reuters• By Sneha Pathak
Explore:High Return Equity Mutual Fund
positive
45 days agoPhonePe Files for Indian IPO via Confidential Route
Walmart-backed fintech PhonePe has submitted a confidential IPO application with SEBI, aiming for a mid-2026 listing. The firm is targeting to raise about $1.35 billion with existing investors, including Walmart and Microsoft, expected to sell shares. The move comes amid a buoyant Indian primary market, where firms like Pine Labs and LG’s Indian arm are preparing large listings. PhonePe’s valuation in prior rounds was ~$12 billion.
Reuters• By Sneha Pathak
Explore:High Return Equity Mutual Fund
about 2 months ago
1 min read
66 words
PhonePe confidentially files for IPO, targeting mid-2026 and ~$1.35B raise.
Walmart-backed fintech PhonePe has submitted a confidential IPO application with SEBI, aiming for a mid-2026 listing. The firm is targeting to raise about $1.35 billion with existing investors, including Walmart and Microsoft, expected to sell shares. The move comes amid a buoyant Indian primary market, where firms like Pine Labs and LG’s Indian arm are preparing large listings. PhonePe’s valuation in prior rounds was ~$12 billion.
Walmart-backed fintech PhonePe has submitted a confidential IPO application with SEBI, aiming for a mid-2026 listing. The firm is targeting to raise about $1.35 billion with existing investors, including Walmart and Microsoft, expected to sell shares. The move comes amid a buoyant Indian primary market, where firms like Pine Labs and LG’s Indian arm are preparing large listings. PhonePe’s valuation in prior rounds was ~$12 billion.
Companies:
PhonePe
Walmart
Microsoft
+1 more
Tags:
PhonePe
fintech
PhonePe
fintech
IPO filing
Walmart
securities
Sep 25, 2025 • 06:11 IST