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Vaibhav Babruwan Shingde

Student • 2m

PhonePe IPO Is Coming! • PhonePe is planning an IPO to raise capital at a valuation of $8-10 billion. • In 2023, PhonePe raised $200 million from Walmart at a pre-money valuation of $12 billion. • PhonePe dominates the UPI payments business with a market share of 39% and has diversified into insurance, wealth management, mutual funds, and other sectors. • PhonePe separated from Flipkart in December 2022 to establish itself as an independent company focused on growth.

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Vaibhav Babruwan Shingde

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𝗣𝗵𝗼𝗻𝗲𝗣𝗲’𝘀 $𝟭𝟱𝗕 𝗜𝗣𝗢: 𝗧𝗶𝗴𝗲𝗿 𝗚𝗹𝗼𝗯𝗮𝗹 & 𝗪𝗮𝗹𝗺𝗮𝗿𝘁’𝘀 𝗕𝗶𝗴 𝗕𝗲𝘁 ! • PhonePe is planning to raise approx . $1–2 billion at a valuation of $15 billion via an IPO. • In FY24, PhonePe reported ₹5,064 crore in revenue, with a

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Phonepe was acquired by Flipkart in 2016. Later In Dec 2022, PhonePe separated from Flipkart, but both companies are still owned by Walmart. So, why need another UPI app?

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Lenskart IPO Also Coming Soon! • Lenskart.com is also planning an IPO to raise between $750 million to $1 billion, with a valuation of $7-8 billion. • In FY24, Lenskart generated ₹5,427 crores in revenue, a 23% increase from the last financial year

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