PhonePe's DRHP shows significant shareholder exits and regulatory shifts impacting revenue streams ahead of IPO.
PhonePe has filed its updated Draft Red Herring Prospectus (UDRHP) with SEBI for its IPO plan.
PhonePe has received SEBI approval for its IPO, targeting up to Rs 12,000 crore in funds.
PhonePe tightened its grip on India’s UPI ecosystem in December with 9.81 billion transactions worth Rs 13.61 lakh crore.
UPI recorded 20.47 billion transactions worth Rs 26.32 lakh crore in November, led by PhonePe.
PhonePe and Google Pay dominate UPI transactions in October, accounting for nearly 80% of the total.
SEBI warns investors against unregulated digital gold, lacking protection and exposing them to risks.
General Atlantic invested about $600M in PhonePe, boosting its stake to 9% from 4.4%. No liquidity provided.
September saw 19,633.43 million UPI transactions in India, with PhonePe leading at 45.6% volume share.
Walmart-owned PhonePe has filed its Draft Red Herring Prospectus with SEBI, aiming to raise Rs 12,000 crore.
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