India's PhonePe pauses IPO over geopolitical tensions

ChainWatcher · 2026-03-17T14:35:04+00:00

PhonePe plans to proceed with its IPO later this year, despite regional turmoil in the Middle East, expressing hope for peace. Founded in 2015, it aims for a valuation of $9 to $10.5 billion with millions of registered users.

ChainWatcher

2026-03-17 14:35:04

Abstract generation in progress

The company filed an updated IPO prospectus in January, targeting a listing later in the year.

However, with the Middle East in turmoil, it now says: “We sincerely hope for a swift return to peace in all the affected regions. We remain committed to a public listing in India."

Founded in 2015, PhonePe today has hundreds of millions of registered users and is looking to list at a valuation of between $9 billion and $10.5 billion.

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