Walmart-backed PhonePe gears up for ₹12,000 crore IPO via pre-filing route

September 24, 2025
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PhonePe is planning to raise about ₹12,000 crore ($1.35 billion) through an offer-for-sale (OFS), with Walmart, Tiger Global, and Microsoft set to collectively offload around 10% stake.

Walmart-backed PhonePe gears up for ₹12,000 crore IPO via pre-filing route

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