Walmart-backed PhonePe’s nine-month 2022 revenue surged to $234 million

PhonePe clocked a revenue of $234.3 million in the first nine months of 2022, the most valuable Indian fintech startup has disclosed in a filing.
The nine-month financials marks a jump from the $201.6 million revenue that the Bengaluru-headquartered generated in the 12-month period ending in financial year March last year.
PhonePe, which is valued at $12 billion, has projected a revenue of $325 million in the calendar year 2022 and $504 million in 2023, according to a valuation report prepared by the auditing firm KPMG and filed by PhonePe. The auditing firm’s estimates relied on information p

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