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The report, published by news agency PTI citing sources had stated that PhonePe is considering raising funds through an $8 billion-$10 billion IPO.
According to the sources, the company will soon engage with bankers and legal consultants to take forward the IPO (Initial Public Offering) process.
Just hours after reports came that PhonePe is considering raising funds through an IPO, its Founder Samir Nigam expressed surprise at the development
India has produced 21 unicorns in the fintech segment so far, starting with Paytm. Here is a list of all the fintech unicorns in India.
In a statement, the Walmart-owned company said the buyback offer follows a three-tier model based on seniority