PhonePe created $10bn value in 10 years. Esop holders to pocket $1.4bn of that
PhonePe created $10bn value in 10 years. Esop holders to pocket $1.4bn of that is drawing significant interest across the industry.
PhonePe is heading to an IPO valuing it at a likely $10.5 billion, a significant milestone for a company that is just 10 years old. But, the digital payments platform's unusually high Esop bill, estimated at $1.4 billion, is emerging as more than an optics challenge.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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