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Exclusive: Walmart-backed PhonePe targets up to $10.5 billion valuation in India IPO, sources say

QR codes of digital payment firms PhonePe and Paytm are seen on the counter of a grocery store in Ahmedabad, India, February 5, 2024. REUTERS/Amit Dave Purchase Licensing Rights, opens new tabSummaryCompaniesIPO expected to raise $900 million-$1.05 billion, sources sayWalmart to trim stake; Microsoft, Tiger Global to exitPhonePe processed nearly half of UPI payments in Jan, data showMUMBAI, March 4 (Reuters) - Walmart-backed Indian fintech firm PhonePe (PHOP.NS), opens new tab, the country's mos...

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