Sources: Walmart-backed PhonePe targets a $9B to $10.5B valuation in its Indian IPO; PhonePe raised $600M from General Atlantic at a $14.5B valuation in October Reuters 2026-03-04 Jaspreet Kalra PhonePe, Walmart Related Coverage PhonePe targets IPO valuation lower than at its last funding round Reuters 'Walmart-Backed PhonePe Targets Up To $10.5 B... Benzinga 🆕 Walmart-backed PhonePe is aiming to list at a valuation of between $9 billion and $10.5 billion, two people with direct knowledge of the matter tell Reuters. … Vibhuti Sharma India's PhonePe Aims For $10.5 Billion Valuation in IPO PYMNTS.com Walmart-backed PhonePe eyes $10.5b valuation in India IPO Tech in Asia · Aiko Gao Ishida PhonePe eyes up to $10.5 billion valuation in India IPO, plans about $1 billion Times of India