Walmart-backed PhonePe targets up to $10.5 billion valuation in Indian IPO: Report
Published on: March 4, 2026, 12:30 p.m. | Source: The Economic Times
Walmart-backed PhonePe aims for a $9 billion to $10.5 billion IPO, potentially raising up to $1.05 billion. This valuation marks a decrease from its last private funding round. The fintech giant, facing competition and a low-margin payments landscape, seeks to complete its listing by April, though market conditions could influence the timeline.
