IPO-Bound PhonePe Converts Into Public Entity

The startup got the approval of its members at an extraordinary general meeting held on April 16 to change its name to PhonePe Limited from PhonePe Private Limited

This comes at a time when the company kicked off preparations for a potential listing in the country over two years after it reverse flipped from Singapore

For the same, it reportedly roped in four investment banks in February to advise on its IPO

Walmart-owned PhonePe has converted into a public company, marking a major step in preparation for its initial…