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IPO-bound PhonePe improved its financial health year-over-year in FY25 with 40% revenue growth and a 13% decline in net losses. However, the financial statements of the Walmart-owned company also included several additional details that Entrackr identified while analyzing its annual report. We will cover those later, let’s first look at its revenue streams.
PhonePe’s revenue from operations rose to Rs 7,115 crore in FY25 from Rs 5,064 crore in FY24, according to the Bengaluru-based firm’s consolidated filings with the Registrar of Companies…
