PhonePe, a digital payments firm owned by Walmart, is preparing for a significant IPO, targeting a valuation of up to $15 billion. The company has appointed four investment banks—JP Morgan, Kotak Mahindra Capital, Morgan Stanley, and Citi—as advisors, with plans to start the IPO process in early March. Recently redomiciled from Singapore to India, PhonePe reported a 73.78% increase in revenue, reaching ₹5,064 crore for FY24, while narrowing its net loss to ₹1,996 crore. The company aims to leverage its top-line growth and operational efficiencies as it approaches its 10-year anniversary and public listing.