Walmart Connect acquires PhonePe

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.

Bengaluru-based PhonePe has filed an updated draft red herring prospectus for its initial public offering with market regulator Sebi , sharpening the contours of a long-awaited stock market debut that would see a partial exit by its largest backer Walmart and a full sell-down by early investors Microsoft and Tiger Global .In an updated draft red herring prospectus dated January 21, the digital payments firm said the offering would be a pure offer-for-sale of up to 5.06 crore shares, with no fresh capital raised