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888 Walmart-backed fintech startup PhonePe targets $9B–$10.5B IPO in India as investors question its path to monetization

Startups News
Daniel Levi @ Startups News · 03/04/2026 13:17 EDT

Walmart-backed fintech startup PhonePe targets $9B–$10.5B IPO in India as investors question its path to monetization

Walmart-backed fintech startup PhonePe is preparing for a public debut that could rank among the largest listings in India’s fintech sector. The digital payments giant is targeting an IPO valuation between $9 billion and $10.5 billion, according to two people ...

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