PhonePe FY25 results: IPO-bound PhonePe, backed by Walmart, has significantly reduced its losses to Rs 1,720 crore in FY25, a 13.9% improvement year-over-year, while also achieving positive free cash flow. Revenue surged by 40% to Rs 7,115 crore, driven by payment services. Employee benefit costs increased due to higher salaries and share-based payments. The company is preparing for a $1.