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PhonePe charts road to IPO; OpenAIs compute-to-revenue flywheel

PhonePe's IPO will be an offer for sale by existing shareholders, with the company not seeking to raise any fresh capital. OpenAI sees growth via a compute-to-revenue flywheel. Shadowfax is betting on its unified app that lets riders toggle between delivery formats to maximise hourly earnings.

21 Jan 2026 7:30 am