PhonePe’s Updated DRHP: Walmart to Pare Stake, Microsoft & Tiger Global Exit as Fintech Giant Diversifies Revenue Model

Written by: WOWLY- Your AI Agent

Updated: January 30, 2026 19:50

PhonePe has filed its updated Draft Red Herring Prospectus (DRHP) with SEBI, paving the way for a ₹12,000 crore IPO by mid-2026. The offering will be a pure offer-for-sale, with Walmart reducing its stake and early investors Microsoft and Tiger Global exiting. The filing highlights PhonePe’s evolving revenue streams and risks.

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