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PhonePe Targets $9–$10.5 Billion Valuation in Upcoming India IPO

Walmart-backed fintech giant PhonePe is preparing for an IPO that could raise up to $1.05 billion at a valuation of $9–$10.5 billion. While the platform dominates India’s UPI payments ecosystem with over 650 million users, investors are closely watching its ability to monetise its massive user base.

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