Digital payments startup PhonePe is gearing up for what could be India's largest IPO since October, with heavyweight investors stepping up to the plate. Walmart and Tiger Global Management are among the key backers backing the offering, signaling strong confidence in the company's growth trajectory. The IPO represents a major milestone for the digital payments space in India's booming fintech sector. As payment infrastructure continues to drive financial inclusion across emerging markets, deals like this underscore growing institutional appetite for scaled digital payment platforms making waves in the region.