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PhonePe launched its digital payment app in 2016.
Digital payment sector company PhonePe has currently stopped the process of its public market listing i.e. IPO. The company announced on Monday that this decision has been taken in view of the ongoing geopolitical tension at the global level and huge fluctuations in the market.
The company has made it clear that it will restart the listing process when there is stability in the global capital market. PhonePe CEO Sameer Nigam said on this decision, ‘We hope to restore peace in the affected sectors as soon as possible.
Although we have postponed our listing plans for now, we are fully committed to public listing in India. It is clear from the statement of the corporation that the company is preparing to be listed in the Indian stock market, but at present it is waiting for the right time.
Started in year 2016, user base of 65 crores
PhonePe Limited (formerly PhonePe Private Limited) is a leading technology company in India. The headquarters of the company is in India only. PhonePe launched its digital payment app in 2016.
According to data till September 30, 2025, PhonePe has more than 65 crore registered users. Additionally, the company’s digital payment acceptance network extends to more than 4.7 crore merchants.
Company working in many verticals from payment to insurance
PhonePe is not limited to just payment apps, but it has expanded into many other sectors as well. Its major verticals are as follows…
- Consumer Payments: This includes digital distribution services.
- Merchant Payments: Payment solutions for merchants.
- Lending and Insurance: The company also provides loan and insurance distribution services.
- Share Market: The company has its own stock broking and mutual fund distribution platform.
- Indus Appstore: PhonePe has also launched Android based mobile app marketplace ‘Indus Appstore’.
Why was IPO postponed?
Market experts believe that the ongoing tensions in Russia-Ukraine and the Middle East have affected the global supply chain and investor sentiment. In such an environment, foreign investors are reluctant to invest money in emerging markets.
For a company with a big valuation like PhonePe, it is important that when it enters the market, the enthusiasm of investors remains.
Read this news also…
PhonePe files updated DRHP: SEBI nod to ₹12,000 crore IPO; Walmart will sell 9% stake, Microsoft will exit
India’s largest digital payment company PhonePe has filed new documents i.e. Updated DRHP (UDRHP) for its IPO. Market regulator SEBI has also given approval to list the company in the market. This IPO will be completely ‘Offer for Sale’ (OFS), that is, the company will not issue any new shares. Rather, its old investors will sell their stake. The company is preparing to raise about Rs 12,000 crore through this IPO. Read the full news…
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