Male phone for IPO; 1.5 billion dollar to $ 15 billion valuation

Digital plans have officially started its IPO-hired location in the UK and the domestic deal with CNBC-TV18 on Monday evening.

Kotak Mahpindra Capital, JPMorgan Chase, Citigroup, and Morgan Stanley appointed as a proposed leader.

According to sources, the phone intended to add $ 1.5 billion via iPo and are targeted by $ 1.5 billion. The company is expected to use funds to extend the playing of its financial services, strengthening business, and continue to acquire strategies.

Supported by Walmart, the phonpe is one of Indian cash payments, services across the UPI, Fund, Gold, and Lend.

Set up in 2015 by Nigam, Rahul Chari, Burzin Phone, Phone Burzin, PhonePope has become part of the phopfoloie Girl Play.

In a specific conversation with CNBC-TV18 in May in May, head to accept the elderly and the ability to embrace the elderly and the responsibility to accept the units listed.

“We look forward to stability and profitable in many years,” Nigam said, gain a good business and sector. “

He added that the cell phone is very diverse for the new business and “ready to advance” in India ecosted system. Nigam said the public decisions were not just financial decisions but a “responsibility” to increase the reliability, investors, and users.

In 2023, the phone, separated from Flipkart in full care and later replaced his town from India, paving Ways for domestic items.

On 2023, the phone, the phone has increased by more than $ 1 billion with the most of the company for $ 12 billion. Important investors include Walmart, General Atlantic, Ribbit Capital, Tiger Capital and Furns Funs.

Meanwhile, Flipkart also prepares for IPO by the end of this year. As CnBC-TV18 reported this year, Flipkart has completed its domicile change as part of its preparation.

The IPO of Phonepe is likely to be one of the most closest technologies in India this year, with a high-run investor in the Fintech and Digital.