Company profile Β· India Β· Digital payments
PhonePe
Discount$9β10.5B (IPO target, shelved)Below its $12B 2023 round
About
PhonePe is one of India's largest digital payments platforms, majority-owned by Walmart through its Flipkart Group ownership.
Premium or discount?
PhonePe's IPO offer-for-sale, targeting $9β10.5B, sits below its $12B 2023 round β a discount that tracks its 2026 IPO pause amid global market volatility, the tracker's clearest example of a paused listing path denting secondary demand.
Secondary deal history
| Date | Valuation | vs. last round | Source |
|---|---|---|---|
| Mar 2026 | $9β10.5B (IPO target, shelved) | DiscountBelow its $12B 2023 round | TechCrunch / Business Standard β |
Frequently asked questions
Can I buy secondary shares in PhonePe?
Retail investors generally cannot buy shares directly. Access typically runs through accredited-investor marketplaces, employee tender programs, or funds that have already built a position β and is subject to the companyβs transfer restrictions and rights of first refusal.
Why did PhonePe's valuation trade at a discount to its last round?
PhonePe's IPO offer-for-sale, targeting $9β10.5B, sits below its $12B 2023 round β a discount that tracks its 2026 IPO pause amid global market volatility, the tracker's clearest example of a paused listing path denting secondary demand.
Is the valuation on this page an official company valuation?
No. Secondary marks reflect the price a buyer and seller agreed on (or are discussing) in a specific transaction, not a valuation the company itself set. They are a useful demand signal, not an audited or company-endorsed figure.