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PhonePe plans to file draft papers for $1.5 billion IPO by Aug-end: report

PhonePe plans to file draft papers for $1.5 billion IPO by Aug-end: report

23 Jun 2025, 16:45 PM

The IPO is expected to value the Walmart-backed digital payments company at nearly $15 billion.

Walmart-backed PhonePe picks 4 investment banks for its IPO

Walmart-backed PhonePe picks 4 investment banks for its IPO

27 Feb 2025, 00:19 AM

PhonePe has reportedly onboarded Kotak Mahindra Capital, JP Morgan, Citi and Morgan Stanley to kick off its IPO.

Fintech Highlights

  1. EximPe gets in-principle licence to operate as cross-border payment aggregator

  2. PayU India secures Rs 302 crore investment from parent firm

  3. IPO-bound PhonePe ropes in former Meta India public policy head Shivnath Thukral

  4. Smallcase operating revenue jumps 57% to Rs 106 crore in FY25

  5. Paytm to become AI-first company: Vijay Shekhar Sharma
  6. Read more highlights...

AI/Emerging Tech

  1. LG introduces South Korea's first hybrid AI model

  2. Cognition to buy Windsurf after Google's reverse-acquihire $2.4 billion deal

  3. Meta's Zuckerberg commits hundreds of billions for AI data centers

  4. Nvidia set to resume H20 AI chip sales to China

  5. OpenAI's open model launch to take longer than expected
  6. Read more highlights...

Editor's Pick

  1. RBI vs Government: The battle over India’s digital payments ecosystem explained

  2. What led Google-backed DotPe to shut down its lending unit

  3. Madras HC grants anticipatory bail to Strata founder in email impersonation case