PhonePe reported that $ 1.5 billion IPO – reported

India Fintech Firm PhonePe, who supports Walmart, is prepared for the initial public proposal (IPO) to increase up to $ 1.5 billion, Bloomberg reported referring to people who are familiar with the issue.

Bloomberg added that IPO’s company for about $ 15 billion is expected to estimate about $ 15 billion.

Founded in 2015, PhonePe is a “largest” digital payment provider, boasts more than 610 million registered user and 340 million rupees daily, every day Bloomberg.

According to Reuters, The company serves the participant among 40 million merchants working with more than 600 million users between 40 million merchants and 40 million online transactions daily.

In 2023, he raised $ 100 million from TVs worth $ 100 million from the capital funds of telephonepe, Ribbit Capital, Tiger Global Management and TVS, $ 12 billion.

The company’s company Kotak Mahindra Capital Co., JPMorgan Chase & Co., Citigroup Inc and Morgan Stanley, was engaged in Morgan Stanley to manage the presentation.

Discussions continue according to Bloomberg sources and the details may change.

A telephone spokesman did not respond to Bloomberg’s desire.

This year in May, phone Started an improved version SmartSpeaker is a device designed to facilitate payment sound notifications for merchants.

The last iteration of SmartSpeaker is produced in India and maintains the sound notification feature of the original model presented in 2022.

The device supports 21 language choices and contains popular sound feature.

In April presented the company Upi circle feature Its application allows users to pay for family members, friends or other reliable individuals within the appointed group.

“The phone is reported that the $ 1.5 billion IPO – report” was initially created and published Electronic Payments InternationalA global brand.

The information on this site has only been included in the faith for general information purposes. We are not intended to give advice for you to be careful and provide no representation or intended representation or intended representation or intended. You must receive professional or specialist recommendations before any action on the basis of our site.