 "PhonePe")
Walmart-owned digital payments firm PhonePe has started gearing up for an initial public offering (IPO) by 2023 and is eyeing a valuation of $7-10 billion.
The company’s foray into financial services is going to play a key role in the firm becoming profitable and going public.
“The Walmart leadership has told PhonePe and Flipkart about building the ‘path to profitability’ and PhonePe has set a target to be profitable by 2022,” said a person with knowledge about PhonePe’s IPO plans.
“All employees at PhonePe have started working towards that goal. The company is partnering and providing value-added services to kiranas
