India, Feb. 21 -- PhonePe Sets IPO Plans In Motion

After much ado, PhonePe is finally pulling into the IPO lane. The fintech juggernaut has publicly announced that it is commencing preparatory steps to get listed.

While the digital payments giant is yet to throw light on key aspects of its public listing plans including size, valuation, and the timeline, what has emboldened PhonePe to take the IPO plunge?

Well, the company believes that the timing is right due to the ongoing startup IPO spring and its "strong top and bottom line growth" in FY24. Interestingly, this is a sharp U-turn from last year, when PhonePe cofounder and CEO Sameer Nigam said that the Walmart-backed company would not go for an IPO until there was clarity over the U...