Walmart-backed PhonePe plans an IPO at a $9–10.5 billion valuation, potentially raising about $1 billion. Investors remain ...
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PhonePe targets $9bn-$10.5bn valuation in India IPO, report

PhonePe aims to complete the process by April, however, the timeline could change depending on capital market conditions.
PhonePe is no longer just India’s UPI giant—it’s becoming a full-stack financial ecosystem. After a string of high-profile IPOs last year, including Meesho, Groww and Urban Company, 2026 is shaping up ...
PhonePe is targeting a $9 billion to $10.5 billion valuation in its IPO, aiming to raise about $900 million to $1.05 billion. Backer Walmart will cut its stake, while Tiger Global and Microsoft plan ...