PhonePe IPO: Leading fintech company is going to launch a big IPO; Valuation Rs 96,890 crore! – market

Buzz line1 month ago03 mins

Giant fintech company is going to launch a big IPO; Valuation Rs 96,890 crore! PhonePe, the company that dominates the world of UPI transactions in India, is now preparing to enter the stock market. This Walmart-invested company is aiming to be listed at a valuation of $9 billion to $10.5 billion. Although this is slightly…

Paytm may look cheap next to PhonePe—but that could be a trap

Buzz line2 months ago05 mins

Shares of One 97 Communications Ltd, parent of fintech firm Paytm, have been in focus amid news flow around the potential valuation of PhonePe’s upcoming public issue. The interest is understandable: Paytm is the closest listed comparable peer to PhonePe. Both fintech firms began by facilitating consumer and merchant payments through UPI before expanding into…

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Tag: UPI market share India