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