PhonePe, the Walmart-backed Indian fintech giant valued at 12B USD, has shelved its planned IPO citing global market tensions. The digital payments leader was set to go public in what would have been India's largest listing in years. https://techcrunch.com/2026/03/16/walmart-backed-phonepe-shelves-ipo-as-global-tensions-rattle-markets/ #Tech #Startup #News #Fintech #PhonePe
Walmart-backed PhonePe shelves IPO as global tensions rattle markets | TechCrunch

PhonePe has paused its planned IPO, delaying a major liquidity event for investors including Tiger Global and Microsoft.

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