PhonePe resurfaces January 2026 move to file updated IPO papers for ₹0 fresh-capital offer
PhonePe had filed updated IPO papers in January 2026 for an offer for sale of up to 5.06 crore equity shares, with Walmart, Tiger Global and Microsoft among the selling shareholders. Walmart’s WM Digital Commerce Holdings plans to sell 4.59 crore shares; the company retains an 83.9% stake.
PhonePe filed updated IPO papers for a fully offer-for-sale issue of up to 5.06 crore shares. Walmart, Tiger Global and Microsoft will sell holdings. The Bengaluru-based payments platform has over 45% of India’s UPI market and processed 9.8 billion December transactions.
Why this matters
The filing resurfaces as PhonePe recently hit 700M users and, alongside Paytm and Flipkart, was identified as an Indian platform reaching nation-scale user adoption.
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