Walmart-backed PhonePe plans IPO valuation of up to $10.5 billion amid monetisation concerns, says report
Walmart-backed PhonePe plans IPO valuation of up to $10.5 billion amid monetisation concerns, says report is drawing significant interest across the industry.
PhonePe is set to list at $9-10.5 billion, with Walmart lowering its stake. Despite handling significant UPI transactions, the firm faces challenges including user monetisation, says report.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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