PhonePe IPO: How the Company's Large User Base Supports Expansion Beyond Payments

PhonePe IPO: How the company's large user base supports expansion beyond payments

PhonePe's Draft Red Herring Prospectus reveals operational revenue of ₹3,918 crore in H1 FY26, driven largely by payments. Despite a net loss of ₹1,444 crore, the company processed 48% of India’s UPI transactions, underscoring the importance of transaction volume to revenue.

PhonePe User Base Fuels Diversification Beyond Payments

PhonePe’s IPO-Bound DRHP Reveals Revenue Growth Ahead of its anticipated April 2026 IPO, PhonePe’s Draft Red Herring Prospectus (DRHP) sheds light on its financial performance. Key highlights include: Revenue: Operational revenue reached ₹3,918 crore in H1 FY26, a 22% year-on-year increase. Payments Dominance: Payments contribute 82% of total revenue; PhonePe processed 48% of India’s UPI transaction value in H1 FY26. Financial Services Growth: …