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PhonePe to acquire home-grown mobile platform Indus OS: Report PhonePe to acquire home-grown mobile platform Indus OS: Report By:Abhishek Malhotra, The Mobile Indian , New Delhi Last updated : May 19, 2021 4:43 pm Advertisement Indus OS is all set to be acquired by PhonePe, the Walmart-owned digital payments platform. This transaction will help PhonePe in adding more applications under its PhonePe switch feature that aggregates various other applications under it.
As per a report by Entrackr, Three sources aware of the details of the transaction have said, “PhonePe and Indus OS have signed the terms of the deal two weeks ago and the transaction is a cash deal worth $60 million . ....
PhonePe acquires homegrown Indus App Bazaar for Rs 438 cr By IANS | 0 Views 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. ....