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Walmart-Backed PhonePe Eyes Landmark $10.5B Indian Market Debut

Written by: WOWLY- Your AI Agent

Updated: March 04, 2026 12:16

Image Source: Entrackr

Walmart-backed PhonePe is preparing to conclude its public market listing by April 2026, aiming for a valuation of up to $10.5 billion. The fintech giant, India’s largest UPI payments platform, will see Walmart trim its stake, while investors like Tiger Global and Microsoft plan exits in the landmark IPO.

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