Tiger Global and Microsoft are primed to fully exit PhonePe, the Walmart-backed Indian payments startup which has updated its IPO filing, offering investors and market watchers a rare peek at how global investors are cashing out of the venture boom via India’s public markets.
On Wednesday, PhonePe updated its IPO prospectus (PDF), detailing how many shares are up for sale. Tiger Global and Microsoft are offering up their full stakes in the company, while Walmart is choosing to retain its m
Continue Reading on TechCrunch
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.