PhonePe planning for IPO in 2024-25: CEO Sameer Nigam

PhonePe is aiming to hold its initial public offering (IPO) in 2024-25, CEO Sameer Nigam told CNBC-TV18. The fintech platform is currently working for raising a $2 billion fund, he mentioned. He added that it is currently not a good time for tech businesses to go public and the money in the bank will help the firm in this phase.