PhonePe Prepares for IPO on Indian Exchanges

PhonePe has announced its plans to prepare for an IPO in India, aiming to list on Indian exchanges.
The company redomiciled from Singapore to India in December 2022 and has restructured its business with new non-payment subsidiaries.
This move comes after PhonePe's strong financial performance in FY23-24, indicating it is a suitable time for a public listing.
Walmart CEO Doug McMillon expressed excitement about PhonePe's aspirations to become a public company.
PhonePe's IPO preparation aligns it with other tech unicorns joining the public market.

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