20 Jan 2026 | 3 Mins Read
PhonePe gets nod for India's largest fintech IPO
Flipitmoney
PhonePe receives SEBI approval for its initial public offering (IPO) on January 20. The Bengaluru-based payments giant is valued at around $15 billion and looks to raise Rs 12,000 crore ($1.35 billion) through a pure offer for sale. PhonePe holds a 45% market share in UPI and processes 10 billion transactions worth Rs 12 lakh crore every month.