Walmart-backed PhonePe to launch $1.5b IPO in India

Walmart-owned PhonePe, India’s leading digital payments platform, is set to file initial paperwork for an Initial Public Offering that could raise up to $1.5 billion, according to sources familiar with the plans. Bloomberg reports that the offering could value the fintech firm at approximately $15 billion, with PhonePe aiming to file its draft red herring […]