India’s digital payment sector giant PhonePe is now ready to enter the stock market. This will be the first Indian company of Walmart Group, which is going to launch its IPO. The company aims to raise about Rs 12,000 crore through this public issue. Recently, it has also received approval related to the issue from the Securities and Exchange Board of India i.e. SEBI. According to the Draft Red Herring Prospectus (DRHP), this entire issue will be based on Offer for Sale (OFS). That is, the amount received from IPO will not go to the company, rather the existing investors and promoters will take partial or complete exit by selling their stake.
PhonePe had applied for IPO through the confidential route in September 2025. Now the company has taken the process forward by filing updated draft documents. The journey of PhonePe, which started with UPI, has now reached the stock market and soon investors can see its IPO.
This is how the journey started
In the last ten years, PhonePe has grown from a small UPI startup to one of the largest fintech platforms in India. Today it has more than 65 crore registered users and more than 4.7 crore shopkeepers are associated with it, which are spread from big cities to small towns and villages.
Business journey started from everyday needs
The story behind PhonePe’s success starts in a very simple way. This idea made the common needs of the people a means of its market. When people had to make mobile recharge, electricity bill or DTH payment, PhonePe made these tasks very easy. By making small payments simple and fast, the company made people realize this convenience. Gradually, users gained confidence in this platform and started using other financial products also.
app one thing many
In today’s digital era, PhonePe is no longer limited to just sending money from one place to another. In fact, apart from UPI payment, many other tasks like mobile recharge, bill payment, loan EMI, FASTag recharge etc. are done in it. Along with this, the company also stepped into the world of investment. Now users can buy digital gold, do gold SIP and can also invest their money in silver ETFs. Through phone pay, users can invest even Rs 10-20 daily in gold and silver. In the field of insurance also, PhonePe has added services like motor, health, life and travel insurance. Apart from this, facilities like merchant and personal loan, credit line on UPI and loan against mutual fund are also available. For those traveling abroad, the facility of international UPI payment is also being provided in countries like UAE, Singapore and Sri Lanka.
Features of PhonePe
India is a country of diversity. The languages and level of digital understanding of the people here also differ. In such a country, the easy interface of PhonePe has emerged as its biggest strength. This app is currently available in more than 11 Indian languages, due to which even people in small towns and villages can use it easily. More than 65 percent of the company’s user base is outside the big metros. That means PhonePe has really worked for India, not just for metro cities. Its users are spread across villages and rural areas.
PhonePe
assistant to shopkeepers
PhonePe has kept not only customers but also businessmen at the center of its strategy. Today more than 4.7 crore traders are associated with it. The company has introduced devices like SmartSpeaker and SmartPOD, with the help of which small shopkeepers can accept both UPI and card payments from the same machine. Through these technologies, small traders are also getting the same modern facilities which were earlier limited to big retail stores. Also, facilities like paperless loans, instant payment settlement and easy account management have further simplified the work of small businessmen.
IPO is coming after 10 years
PhonePe is now preparing to enter the stock market as a mature company. In its journey of nearly 10 years, it is not just a platform for transactions, but has also become an important part of people’s financial journey of earning, spending, saving and investing. The story of PhonePe shows that when the focus is on solving the problems of small shopkeepers and remote customers, success automatically becomes visible on a larger scale. This is the power of real Digital India.