PhonePe temporarily pauses IPO listing process

New Delhi: PhonePe on Monday announced it has temporarily deferred its public market listing process due to the current geopolitical conflicts and market volatility and will resume the listing process once there is some stability in global capital markets.

Sameer Nigam, PhonePe’s CEO said, “We sincerely hope for a swift return to peace in all the affected regions. We remain committed to a public listing in India.”