Thursday, 22 January, 2026
PhonePe Revenue Surges 22% as Losses Widen Ahead of Highly Anticipated IPO
Fintech major PhonePe reported a 22% increase in revenue, reaching ₹1,938 crore for the April-September 2025 period. However, net losses expanded to ₹1,444 crore, driven by heavy investments in its payment, insurance, and lending verticals. Despite the rising costs, the Walmart-owned company maintains a dominant 48% market share in UPI transactions
Read full story at Economic Times