News > PhonePe Considers Public Offer, Seeks $8-10 Billion Valuation

PhonePe Considers Public Offer, Seeks $8-10 Billion Valuation

15/06/2022 10:21 PM | Click to read full article

PhonePe, part of the Walmart Inc-controlled Flipkart group, is considering raising funds through an initial public offering (IPO) for expanding its financial services portfolio and deepening its core United Payments Interface (UPI)-based payments operations, investment banking sources said on Wednesday.

The digital payment company is seeking a valuation of $8-10 billion.

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