PhonePe said its "strong top line and bottom line growth" across business portfolios makes it a suitable time for public listing

The Bengaluru-based fintech leader, which dominates the Unified Payments Interface (UPI) ecosystem, is poised to become the latest tech unicorn to go public.

Indian digital payments company PhonePe has started preparing for its potential listing on Indian exchanges. “PhonePe has long aspired to be a public company in India, having been founded here and being a leader in India’s fintech industry”,

PhonePe redomiciled from Singapore to India in December 2022. The company said it has established a clear corporate structure with each of its new non-payment businesses as fully owned subsidiaries.

Walmart-backed digital payments firm PhonePe has begun preparations for a potential listing on Indian stock exchanges. While the company has not specified a timeline for its initial public offering (IPO),

PhonePe founder Sameer Nigam had mentioned that the company would not go for an IPO until there was clarity on the market share cap. "The UPI market cap overhang is definitely a p