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Walmart's PhonePe prepares for India listing
Mint Hyderabad
|February 21, 2025
India's biggest fintech firm PhonePe has started preparing for its initial public offering (IPO) for listing on the country's bourses, the company said on Thursday.
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PhonePe was valued at $12 billion during its last funding round in 2023. "The company is commencing preparatory steps for a potential IPO and plans to list on exchanges in India. This marks a significant milestone for the company, which will celebrate its 10-year anniversary this year, and has grown to serve hundreds of millions of customers with innovative financial services and technology solutions," PhonePe said in a statement.
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