Walmart-backed PhonePe targets up to $10.5 billion valuation in IPO
Walmart-backed PhonePe targets up to $10.5 billion valuation in IPO is drawing significant interest across the industry.
Walmart will trim its stake in PhonePe by about 12 per cent in the firm's initial public offering, while Tiger Global and Microsoft plan to exit their stakes, according to the firm's IPO filing
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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