PhonePe IPO: PhonePe has temporarily put its listing plans on hold due to ongoing geopolitical conflicts in the Middle East and heightened volatility in global markets, according to a PTI report. The company said it will resume the process once stability returns to the capital markets. “We sincerely hope for a swift return to peace…
Show Quick Read Key points generated by AI, verified by newsroom UPI Payment: After the introduction of UPI, making online payments has become very easy. Take out the phone from your pocket, scan the QR code and the payment is done. Many companies are making this easy process even easier. Now you can make UPI…
In response to Mint’s queries, the company said its app facilitates the purchase and sale of gold as a commercial transaction. It added that, with customer consent, the gold is stored with Brinks, a third-party vaulting firm, and is independently audited and insured. Customers can sell, redeem, seek physical delivery, or convert the gold into…
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…
Walmart-backed Indian fintech firm PhonePe is planning to list at a valuation of $9 billion to $10.5 billion, Reuters reported, citing two people with direct knowledge of the matter. This indicates the IPO will generate approximately $900 million to $1.05 billion. However, even at the higher estimate, the deal reflects a lower valuation compared to…
Digital payments major PhonePe has filed its draft red herring prospectus (DRHP) to raise capital from the primary markets. While the PhonePe IPO timeline, issue size and other key details are yet to be disclosed, market participants have begun drawing comparisons with its listed peer Paytm, which debuted on the bourses in November 2021. According…
PhonePe on Saturday launched an AI-powered natural language search feature built using Microsoft Foundry, allowing users to navigate, pay and track transactions on the app through simple voice or text commands. “This feature enables PhonePe users to initiate and complete in-app tasks via natural language text or voice commands, enhancing convenience and bringing personalization to…
Following the recent approval from the Securities and Exchange Board of India (SEBI), PhonePe has submitted its Updated Draft Red Herring Prospectus (UDRHP), moving closer to its much-anticipated public listing. The company, which first provided confidential IPO documents in September 2024, is now expected to enter the market soon. As outlined in the UDRHP, the…
As PhonePe prepares for its proposed initial public offering (IPO) in April 2026, its Draft Red Herring Prospectus (DRHP) offers a detailed look into how scale is translating into revenue across payments and financial services, even as monetization in the UPI ecosystem remains structurally low. According to the company’s DRHP, PhonePe reported operational revenue of…
After receiving approval from the Securities and Exchange Board of India (SEBI), PhonePe has submitted its Updated Draft Red Herring Prospectus (UDRHP), advancing its much-anticipated public listing. The firm had originally filed confidential IPO documents in September 2024 and is now expected to enter the market shortly. As outlined in the UDRHP, the public offering…
