Mumbai: Walmart-Owned PhonePe is preparaing for a Public Listing In India, joining a clutch of tech startups that are tapping the IPO Route to grow and take advantage of the richer valuations the Local public market
The preparations are at a preliminary stage, the company said in a statement without sharing details. “Our phonepe team has long aspired to be a public company and we are excited to be taking these early steps,” Doug McMillon, President and Ceo at Walmart, Said Dering During the Company''s earnings Thursday.
“PhonePe's Strong Top-Line and Bottom-Line Growth Across Its Diverse Business Portfolio Makes This a Suitableable Time to Prepare for a Public Listing,” The Company Said.
Executives at walmart said that the phonePe business hit a Total Payment Value (TPV) of Rs 1.7 lakh crore at the end of jan and the company processes over 300 million daily transactions.
PhonePe is currently valued at $ 12 billion.
(Tagstotranslate) Business News (T) Walmart PhonePe (T) Total Payment Value (T) Public Listing (T) PhonePe IPO (T) India IPO Market
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