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Read more about PhonePe files complaint with Sebi against Ventureast Fund over OSLabs deal on Business Standard. PhonePe says Ventureeast sold shares to Affle in a side deal while engaging on the sale of same shares in favor of PhonePe ....
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 . ....
Indian payments firm PhonePe to acquire IndusOS for $60m Photo: Pixabay May 19, 2021 Bengaluru-based payments major, PhonePe is in final stages to acquire homegrown app store IndusOS for a cash-deal worth $60 million, according to two individuals aware of the discussion. The acquisition will give an exit to IndusOS’s existing investors including Omidyar Network, Samsung Ventures, VenturEast among others, with the final terms of the deal to be finalised over the course of next month, said one of the individuals quoted above. This will be PhonePe’s second and largest acquisition till date, which was recently valued at $5.5 billion last year, after a $700 million fund infusion led by US-retailer Walmart. PhonePe had acquired point-of-sale (PoS) software service provider, Zopper Retail back in 2018 to strengthen its offline play. ....
Indus App Bazaar curates apps on its store to keep people informed about the COVID situation Indus App Bazaar curates apps on its store to keep people informed about the COVID situation Advertisement Indus App Bazaar announced that it has curated a special category of featured apps under ‘COVID-19 Resources’ to equip people with the right information around solutions to tackle the ongoing pandemic. The category includes apps like 1 mg, Practo, BigBasket, Country Delight, Bajaj Finserv Health, and Paytm, to name a few.
Amid this global upheaval, people constantly lookout for solutions around health, finance, and essentials – the three key elements for sustenance. And the curated apps are shown for the exact same purpose. ....
Indus App Bazaar April monthly collection brings ‘Stay At Home’ apps Indus App Bazaar April monthly collection brings ‘Stay At Home’ apps Advertisement Indus App Bazaar has come out with a new collection of apps to help users stay informed and entertained at home. Themed around ‘Stay at Home’, the new pool of content includes apps across various categories like apps providing verified Covid-19 information, shopping entertainment, education, delivery, games, news, fitness, and payment.
This is an attempt by Indus App Bazaar to keep consumers informed, entertained, and safe at home during the on-going pandemic. There are 80 applications in the Stay At Home April collection that users would be able to access in 12 Indian languages along with English. ....