Valuation mismatch also played a part in PhonePe pausing IPO process PhonePe deferred IPO citing market volatility and West Asia warInvestors say valuation mismatch also influenced IPO pauseAt $7 billion, the valuation is half of its last private funding roundDid our AI summary help? A mismatch in valuation expectations, apart from market volatility arising out of the Israel-Iran war, may have led Walmart-owned PhonePe to defer its India listing, per sources.The payments major said on March 16, deferred its Initial Public Offering (IPO) citing market volatility and the West Asia war.Story continues below AdvertisementHowever, multiple investors Moneycontrol spoke with said...