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PhonePe Pauses India IPO as Geopolitical Tensions Stifle Global Market Activity

Walmart-backed digital payments giant PhonePe has indefinitely delayed its initial public offering in India, citing extreme market volatility and escalating geopolitical friction. The move comes as other firms, including DSW Capital, report significant hits to deal-making activity amid regional conflicts.

Tariq Al-HaddadTariq Al-Haddad
March 16, 2026130 views
PhonePe Pauses India IPO as Geopolitical Tensions Stifle Global Market Activity
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