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PhonePe had filed its updated (DRHP) for its IPO with the Securities and Exchange Board of India earlier in January.
In this edition, we look into General Atlantic's bet on PhonePe; and why investors are backing startups that want to use voice AI amid spam calls rise.
The IPO will be a pure offer for sale (OFS) of up to 5.06 crores and it will not involve fresh capital raise.
The market regulator's nod for PhonePe's IPO comes in the wake of a slew of public offers by new age tech companies in India in the past months.
The acquisition is part of a strategic move to build and invest in core GenAI capabilities to enhance the shopping experience at Flipkart.
The new option seeks to tap into India’s rapidly expanding SIP ecosystem.
The latest transaction has taken the private equity major's stake in PhonePe from 4.4% to 9%.
The IPO is expected to be a complete offer for sale (OFS).
The fintech company's operating revenue jumped 40% to Rs 7,115 crore in FY25.
Around 1,000 employees from the company's 12,000-strong workforce are currently eligible to participate in this buyback initiative.
The Walmart-owned company is also looking to hire engineers and architects - "who are deep into stock markets."
The IPO is expected to value the Walmart-backed digital payments company at nearly $15 billion.
PhonePe has reportedly onboarded Kotak Mahindra Capital, JP Morgan, Citi and Morgan Stanley to kick off its IPO.
