News > PhonePe Considers Public Offer

PhonePe Considers Public Offer

Dais Newsfeed | 15/06/2022 05:53 PM | Click to read full article

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

The digital payment company is seeking a valuation of $8-10 billion, they added. According to the sources, the company will soon engage with bankers and legal consultants to take forward the IPO process.