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PhonePe IPO: revenue model insights from updated DRHP
PhonePe’s updated DRHP highlights diversified revenue streams, growing monetisation, and continued losses as the fintech major moves closer to a public listing.
PhonePe’s updated DRHP reveals a diversified revenue model anchored in payments, financial services distribution, and merchant solutions.The company earns from transaction commissions, platform fees, and value added services across UPI, insurance, mutual funds, and lending.Strong user scale supports monetisation, while losses persist due to customer acquisition costs and technology investments as PhonePe prepares for a landmark public listing in India's competitive fintech market.