Financial Performance - PhonePe reported revenue exceeding ₹7,000 crore for FY25, with a 41% increase in revenue from operations to ₹7,148.6 crore compared to ₹5,064.1 crore in FY24 [1] - Total income, including other income, rose to ₹7,631.4 crore from ₹5,722 crore in FY24 [1] - Expenses increased to ₹9,394.1 crore in FY25, a 21% rise from ₹7,754.3 crore in FY24, but the growth rate of expenses was lower than that of revenue [2] - Consolidated loss after tax narrowed to ₹1,727.4 crore in FY25 from ₹1,996.2 crore in FY24 [2] - Other comprehensive income for the year was ₹72.6 crore, reversing a loss of ₹16.3 crore from the previous year [2] Company Overview - PhonePe was founded in December 2015 and is a subsidiary of Walmart Inc, expanding from payments into insurance, lending, wealth management, and consumer technology [2] - The company has raised nearly $1 billion from investors, including General Atlantic and Tiger Global, and was valued at $12 billion in its latest funding round in 2023 [2] IPO Plans - PhonePe is preparing for a public listing and has appointed JP Morgan, Citi India, Morgan Stanley, and Kotak Mahindra Capital as merchant bankers for its proposed IPO [3] - In April, the company transitioned from a private firm to a public company in preparation for its IPO, marking a significant milestone as it celebrates its 10-year anniversary [4] - The company shifted its domicile from Singapore to India in 2022, becoming the first Indian company to do so, which involved a tax payment of approximately ₹8,000 crore to the Indian government [4]