🚀 Business & Startups🌐 Global
IPO-Bound PhonePe's Losses Balloon 62% to ₹2,792 Crore in FY26
Inc42 Media·Tuesday, 28 July 2026
PhonePe, which is preparing for an IPO, reported its net loss widened 62% to ₹2,792 crore in FY26. Revenue grew 11.5% year-on-year during the same period. The combination of rising losses and an imminent public listing puts the company's finances under sharp scrutiny.
Why It Matters
PhonePe is one of India's most widely used payment apps — its financial performance matters to hundreds of millions of users and to anyone thinking of investing in its IPO.
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