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 an adjusted PAT of ₹196 crore (excluding employee benefits and other costs). •In 2023, PhonePe raised $1 billion through a private equity round led by Walmart, General Atlantic, Tiger Global Management, and others at a valuation of $12 billion. • PhonePe is working with investment banks like J.P. Morgan, Morgan Stanley, and Citi to structure the IPO. The process is set to begin in March, with a listing expected in FY26.
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