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.