PhonePe-Indus OS deal goes awry
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Last week we reported that PhonePe was in talks to acquire Indus OS, a homegrown content and app discovery platform with its own Android app store, for $60 million. But then, a minority investor objected to the terms of the deal and the matter is now before the Supreme Court of Singapore.
PhonePe acquires homegrown Indus App Bazaar for Rs 438 cr
By IANS |
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PhonePe now has 250 million users in India. Image Source: IANS News
New Delhi, May 19 : Walmart-owned digital payments provider PhonePe has acquired homegrown Android app store Indus App Bazaar for $60 million (roughly Rs 438 crore), reliable industry sources told IANS on Wednesday.
The move, sources said, will strengthen PhonePe s Switch app that aggregates several useful apps at one place.
Both the companies were yet to release an official statement.
PhonePe launched the Switch platform in 2018 and today, its customers can place orders on over 300 apps including Ola, Swiggy, Myntra, IRCTC, Goibibo, RedBus etc. directly from within the PhonePe mobile app.
PhonePe to acquire Indus OS in all-cash deal worth $60 m
May 19, 2021
The digital payment service PhonePe - Bloomberg×
This is the digital payment platform’s second acquisition after Zopper Retail
Walmart-owned digital payments platform Phone Pe is in the final stages of talks to acquire Indus OS, a made-in-India content and app discovery platform, in an all-cash deal worth $60 million. The acquisition is scheduled to be completed in the next few weeks and is PhonePe’s second acquisition after Zopper Retail which it acqui-hired in 2018.
The acquisition is expected to fuel PhonePe’s super app ambitions. Currently, PhonePe ‘Switch’ that aggregates over 400 apps across verticals including food, grocery, shopping, travel apps within its own app, does away with the need to download apps individually. Users can log into these apps without downloading them with a single tap.
User-generated content to fuel remote work, learning in India
By IANS |
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55% millennials say,WFH, has increased time spent on email: Survey (IANSlife). Image Source: IANS News
New Delhi/Gurugram, April 19 : As India grapples with the second Covid wave amid seismic shift in the way people work and learn, this year and beyond will be a major inflection point for the user-generated content on smartphones in the country, a new report said on Monday.
From the growth of 5G-capable devices to evolving consumer trends around OTT, gaming and the whole app ecosystem, the pandemic has given a significant thrust to India s digital-first economy, with many new Internet users from rural India joining the digital economy, according to the 4Ps Mobile Plus Economy Report 2021 by market intelligence form CMR.
Deadly, but Coronavirus has given significant thrust to India s digital-first economy
With more powerful smartphones available than before, and the persisting pandemic conditions, user-generated content will gain traction
Monday April 19, 2021 3:37 PM, IANS
New Delhi/Gurugram: As India grapples with the second Covid wave amid seismic shift in the way people work and learn, this year and beyond will be a major inflection point for the user-generated content on smartphones in the country, a new report said on Monday.
From the growth of 5G-capable devices to evolving consumer trends around OTT, gaming and the whole app ecosystem, the pandemic has given a significant thrust to India s digital-first economy, with many new Internet users from rural India joining the digital economy, according to the ‘4Ps Mobile Plus Economy Report 2021 by market intelligence form CMR.