PhonePe raises $21 Million from Flipkart amidst IPO talks
PhonePe is looking to go public by 2023 in the US or in India, eyeing a valuation of $7 to $10 Billion
Flipkart currently owns about 87% stake in PhonePe after its partial spin-off
PhonePe recorded 868.4 Million transactions worth INR 1.75 Lakh crore in November
PhonePe, along with Google Pay, currently leads the UPI market
