PhonePe Secures Sebi Nod for IPO, Aims to Raise Rs 12,000 Crore via OFS

• UPI market leader PhonePe received Sebi approval for its Initial Public Offering.
• The Walmart-owned firm plans to raise approximately Rs 12,000 crore ($1.35 billion) through an offer-for-sale (OFS).
• PhonePe holds about 45% of India's mobile payments market, processing nearly 10 billion transactions monthly.
• Revenue increased 40% to Rs 7,115 crore in FY25, with adjusted profit surging 438% to Rs 630 crore.
• PhonePe would be the second Walmart-owned company, after Flipkart, to seek a public listing in India.

Why It Matters: PhonePe gets Sebi approval for its IPO, targeting Rs 12,000 crore via OFS, highlighting its market dominance.