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Walmart-backed Indian fintech company PhonePe, the country’s most widely used payments platform, is targeting a valuation between $9 billion and $10.5 billion, two people with direct knowledge of the matter said.That suggests the IPO will raise about $900 million to $1.05 billion. But even at the high end, the deal would mark a cut from […]
Tiger Global and Microsoft are set to exit PhonePe entirely as the Walmart-backed digital payments giant moves closer to a blockbuster public listing. This provides a clear snapshot of how global investors are making money from bets made during India’s FinTech boom. Bengaluru-based PhonePe has filed an updated Draft Red Herring Prospectus (UDRHP) with market […]
