Last mentioned: 1d ago
IPO Target
Reports emerge of a $1 billion IPO target for the Indian public markets.
Major Funding
Company raises $850M from investors including General Atlantic and Ribbit Capital.
Flipkart Separation
PhonePe and Flipkart officially separate into two independent entities.
Walmart Acquisition
Walmart acquires a majority stake in PhonePe as part of the $16B Flipkart deal.
Platform Launch
PhonePe launches as one of the first UPI-based payment apps in India.
India's leading digital payments platform PhonePe is reportedly targeting a $1 billion public offering, marking a major liquidity event for majority owner Walmart. The move follows a multi-year restructuring process that saw the fintech giant separate from Flipkart and redomicile to India.