Big news from India! PhonePe, a super popular payment app kind of like Venmo or Apple Pay, is getting ready to go public. This means they'll be selling parts of their company to investors on the stock market. It's a big deal because PhonePe has been doing really well.
- PhonePe made a profit for the first time ever!
- Their money (revenue) went up by a huge 74%!
- They have over 590 million users and handle millions of payments each day.
| Fact | Number |
|---|---|
| Profit (before stock options) in 2024 | 1.97 billion rupees |
| Revenue in 2024 | Over 50 billion rupees |
| Users | Over 590 million |
| Daily Transactions | Over 310 million |
While the Indian stock market has been a bit up and down, PhonePe is hoping to list soon. They haven't said exactly when, though.
