Walmart-backed Indian fintech firm PhonePe is beginning preparatory steps for a public listing on the country's stock exchanges, the company said on Thursday. "PhonePe's strong top-line and bottom-line growth across its diverse business portfolio,

Walmart-owned PhonePe is gearing up for an IPO in India, aiming to leverage favorable market valuations. After completing its separation from Flipkart

India's largest fintech firm PhonePe has begun preparing for an initial public offering (IPO) of its shares on Indian exchanges, the company announced on Tuesday. The Walmart-owned company was valued at $12 billion during its last funding round in 2023.

PhonePe, which redomiciled from Singapore to India in December 2022, stated it has established a clear corporate structure, with each of its new non-payment businesses as fully owned subsidiaries. In a statement,

Indian digital payments company PhonePe has started preparing for its potential listing on Indian exchanges. “PhonePe has long aspired to be a public company in India, having been founded here and being a leader in India’s fintech industry”,

The fintech company separated from Flipkart and moved its headquarters from Singapore to India in December 2022.

India's biggest fintech firm PhonePe has started preparing for its potential initial public offering (IPO) for listing on the country's bourses, the company said on Thursday.

The Bengaluru-based fintech leader, which dominates the Unified Payments Interface (UPI) ecosystem, is poised to become the latest tech unicorn to go public.