IPO-bound PhonePe’s payments business generates ₹1,931.80 crore in adjusted EBITDA in FY25
In light of the recent approval from the Securities and Exchange Board of India (SEBI), PhonePe has submitted its Updated Draft Red Herring Prospectus (UDRHP), bringing it a step closer to its much-anticipated public offering. The company, which first filed confidential IPO documents in September 2024, is expected to enter the markets soon. As per…