IPO-bound PhonePe’s revenue rises 40% in FY25, losses narrow

Walmart-owned PhonePe, which is planning to file its draft IPO papers in the coming months, has reported a 40% year-on-year rise in revenue from operations to Rs 7,114.9 crore in the financial year ended March 2025. The growth came primarily from a 30% jump in revenue from its payment services, while its smaller lending and insurance vertical expanded nearly three times.