Latest news with #SmartSpeaker
Yahoo
24-06-2025
- Business
- Yahoo
PhonePe reportedly planning $1.5bn India IPO
Walmart-backed Indian fintech firm PhonePe is gearing up for an initial public offering (IPO) to raise up to $1.5bn, Bloomberg reported citing people familiar with the matter. The IPO is expected to value the company at approximately $15bn, with plans to file a draft red herring prospectus as early as August, Bloomberg added. Founded in 2015, PhonePe is India's 'largest' digital payments provider, boasting over 610 million registered users and processing 340 million rupees of transactions daily, per Bloomberg. According to Reuters, the company serves more than 600 million registered users across 40 million merchants, handling over 310 million online transactions daily via India's unified payments interface (UPI). In 2023, PhonePe raised $100m from Ribbit Capital, Tiger Global Management, and TVS Capital Funds, valuing the company at $12bn at the time. The firm has engaged Kotak Mahindra Capital Co., JPMorgan Chase & Co., Citigroup Inc., and Morgan Stanley to manage the offering, Bloomberg reported. Discussions remain ongoing, and details may change, according to Bloomberg's sources. A PhonePe spokesperson did not respond to Bloomberg's request for comment. In May this year, PhonePe launched an upgraded version of its SmartSpeaker, a device designed to facilitate payment voice notifications for merchants. The latest iteration of the SmartSpeaker is manufactured in India and retains the voice notification feature of the original model, which was introduced in 2022. The device supports 21 language options and includes a celebrity voice feature. In April, the company introduced the UPI Circle feature on its app, enabling users to make payments to family members, friends, or other trusted individuals within a designated group. "PhonePe reportedly planning $1.5bn India IPO – report " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Standard
12-05-2025
- Business
- Business Standard
PhonePe Unveils its Made in India SmartSpeaker
PhonePe, recently announced the launch of its next-gen SmartSpeaker, an upgraded version, designed to meet the evolving business needs of merchants. Built on the foundation of the original SmartSpeaker, the next-gen version is Made in India. The latest upgrade retains the popular features of its predecessor while introducing significant enhancements. Speaking on the launch, Yuvraj Singh Shekhawat, Chief Business Officer of Merchant Business at PhonePe, stated, "We are excited to introduce our next-generation SmartSpeakers, which are Made in India. Manufacturing these devices locally allows greater flexibility in adapting products to the specific needs and preferences of our merchants. With these SmartSpeakers, we are not only driving financial inclusion for merchants nationwide, especially in underserved areas, but also fostering domestic innovation and ensuring that Indian manufacturers become integral participants in the country's digital transformation." PhonePe launched its SmartSpeaker in 2022, providing offline merchants with a reliable and convenient payment solution featuring voice notifications. Available in 21 language variants, the SmartSpeaker includes a celebrity voice feature with leading Indian actors. The real-time audio alerts for successful payments reduce merchants' dependency on checking SMS or app notifications, allowing them to focus on their business without constantly monitoring their phones for payment updates. The new "Made in India" SmartSpeaker retains all the popular features of the previous one and comes with notable enhancements in connectivity and power efficiency. It utilizes a 4G network for faster speed and higher network reliability. The latest version gets completely charged in approximately 75 minutes. The device also has an extended battery life, exceeding seven days of standby period. Additionally, it includes great audio clarity even in the noisiest of environments, and a compact form factor allowing merchants to use it even in the most congested counter spaces.
Time of India
05-05-2025
- Business
- Time of India
PhonePe SmartSpeakers go 'made-in-India'
PhonePe has announced the launch of its next-gen SmartSpeaker , an upgraded version, designed to meet the evolving business needs of merchants. Built on the foundation of the original SmartSpeaker, the next-gen version is Made in India. The latest upgrade retains the popular features of its predecessor while introducing significant enhancements. The new 'Made in India' SmartSpeaker retains all the popular features of the previous one and comes with enhancements in connectivity and power efficiency. It utilizes a 4G network for faster speed and higher network reliability. The latest version is claimed to ger completely charged in approximately 75 minutes. The device also has an extended battery life, exceeding seven days of standby period. Additionally, it is said to offer audio clarity even in the noisiest of environments. Speaking on the launch, Yuvraj Singh Shekhawat, Chief Business Officer of Merchant Business at PhonePe, stated, "We are excited to introduce our next-generation SmartSpeakers, which are Made in India. Manufacturing these devices locally allows greater flexibility in adapting products to the specific needs and preferences of our merchants. With these SmartSpeakers, we are not only driving financial inclusion for merchants nationwide, especially in underserved areas, but also fostering domestic innovation and ensuring that Indian manufacturers become integral participants in the country's digital transformation." PhonePe launched its SmartSpeaker in 2022, aimed to provide merchants with a reliable and convenient payment solution featuring voice notifications. Available in 21 language variants, the SmartSpeaker includes a celebrity voice feature with leading Indian actors. The real-time audio alerts for successful payments reduce merchants' dependency on checking SMS or app notifications, allowing them to focus on their business without constantly monitoring their phones for payment updates. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
