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acquisitionAnnounced · Jan 22, 2026Digital PaymentsSource · CredibleArticle · Factual
Walmart Connect acquires PhonePe
David Najork · Founding Software Engineer
Published · Updated · 1 min read
Deal value
—
Target
PhonePe
Panathur, Karnataka
Acquirer
Walmart Connect
Financial Stake
Status
Pending
Walmart Connect agreed to acquire PhonePe. Reported deal value: Undisclosed. Status: Pending. Sector: Digital Payments. Target headquarters context: Panathur, Karnataka, India.
This page summarizes publicly available information about the transaction as of 2026-01-22. Figures and status may change as filings and press coverage update.
123RF.com US retailer Walmart will trim its stake in PhonePe via the Indian digital payments company upcoming initial public offering while Tiger Global and Microsoft will sell their entire stake s, according to updated draft documents
Deal timeline
Announced
Jan 22, 2026 · vccircle.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context
This transaction is classified in Digital Payments. Figures and status may change as sources update.
Sources: vccircle.com · Primary article · FireStrike proprietary index