Walmart-backed PhonePe's India pauses IPO plans amid geopolitical tensions, market volatility-March 2024-www.financetom.com

Walmart-backed PhonePe's India pauses IPO plans amid geopolitical tensions, market volatility

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Walmart-backed PhonePe's India pauses IPO plans amid geopolitical tensions, market volatility

Mar 16, 2026 2:07 AM

March 16 (Reuters) - Walmart ( WMT )-backed Indian fintech firm PhonePe has temporarily paused its initial public offering plans, citing geopolitical tensions and volatility in global capital markets, the company said on Monday.

(Reporting by Ashwin Manikandan and Surbhi Misra; Editing by Mrigank Dhaniwala)

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