Razorpay set for confidential IPO filing; valuation may fall to around $5 billionThe fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walm...
20 Apr, 2026, 11.20 AM IST
Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
20 Apr, 2026, 09.24 AM IST
Zepto trims cash burn before IPO, pitches profitability by FY29 to public market investorsQuick commerce firm Zepto is engaging institutional investors for its planned June-July IPO, aiming to raise capital amid intensifying comp...
14 Apr, 2026, 10.30 PM IST
Iran war leaves Rs 3 lakh crore IPO backlog in India. Will Reliance Jio, NSE and others end the lull soon?India’s IPO market has slowed amid volatility and weak sentiment, despite a robust pipeline of over Rs 3 lakh crore. Companies are adopting...
14 Apr, 2026, 02.08 PM IST
PhonePe IPO delay signals valuation standoff for upcoming new-age listingsPhonePe has postponed its $1.3-billion IPO due to volatile markets and a valuation gap with investors, highlighting cautious sentiment amon...
17 Mar, 2026, 06.00 AM IST
Walmart-backed PhonePe targets up to $10.5 billion valuation in Indian IPO: ReportWalmart-backed PhonePe aims for a $9 billion to $10.5 billion IPO, potentially raising up to $1.05 billion. This valuation marks a decrease...
04 Mar, 2026, 12.30 PM IST
Razorpay picks Axis, Kotak, Citi, and JPMorgan to manage its IPODigital payments major Razorpay has appointed Axis Capital, Kotak Mahindra, JP Morgan, and Citibank as investment banks for its upcoming pu...
13 Feb, 2026, 07.39 PM IST
Indian IT's Anthropic bloodbath; Fractal CEO interviewIT stocks fall amid fears that new AI tools from Anthropic could threaten jobs. This and more in today's ETtech Top 5.
04 Feb, 2026, 09.51 PM IST
PhonePe IPO: Walmart to cut 9% stake, Microsoft, Tiger Global to exitBengaluru-based PhonePe has filed an updated draft red herring prospectus for its IPO, detailing a pure offer-for-sale of up to 5.06 crore ...
22 Jan, 2026, 09.11 AM IST
Walmart-backed PhonePe may seek $1.5 billion in Indian IPOPhonePe, India's largest digital payments provider, is gearing up for an initial public offering. The IPO could potentially raise $1.5 bill...
24 Jun, 2025, 03.44 PM IST
PhonePe’s 5% dilemma: Payments still dominate revenue as it gets IPO-readyPhonePe, backed by Walmart, is preparing for an IPO. The company's revenue heavily depends on its payments business. Financial services con...
02 Jun, 2025, 08.19 AM IST
Flipkart's path to profitability will decide IPO timing, says Walmart CFOWalmart sees financial services as a growth opportunity, with PhonePe and Flipkart driving monetisation prospects. A report by Bernstein Re...
14 Jun, 2024, 06.57 AM IST
PhonePe among top fintech companies with $1.3 trillion total payment value: WalmartWalmart, the world's biggest retailer, said its digital payments firm PhonePe has a total payment value (TPV) of $1.3 trillion, equalling s...
11 Dec, 2023, 06.01 AM IST
PhonePe will likely go for an India listing, says Walmart CEO Doug McMillonWalmart's payments company PhonePe is performing well in India, according to CEO Doug McMillon. Speaking in a recent interview, McMillon sa...
12 May, 2023, 09.05 AM IST
PhonePe launches support for cross-border UPI paymentsAccording to PhonePe, users would now be able to make payments in foreign currencies directly from their bank accounts, similar to internat...
11 Feb, 2023, 02.56 PM IST
Nearly $700 million cash payout in store for Flipkart employees after PhonePe hive offEmployees who hold stock options in Flipkart will be paid cash equal to the value of PhonePe within those holdings, as the digital payments...
24 Dec, 2022, 09.19 AM IST
Flipkart may go for $700 million Esop buyback as part of PhonePe financing roundThe buyback, likely the largest in India’s new-age internet economy, is part of PhonePe’s latest $1.5-2 bn funding round led by Walmart
29 Nov, 2022, 01.34 PM IST