Walmart-owned digital payments provider PhonePe has acquired homegrown Android app store Indus App Bazaar for $60 million (roughly Rs 438 crore), according to IANS report. 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…
Affle (India) Limited through its subsidiaries (“Affle”), announced the signing of a definitive agreement to acquire 8.0% ownership in OSLabs Pte. Ltd., Singapore (“Indus OS”). Indus OS operates India’s largest independent indigenous app store, with key investment from Samsung Venture Investment Corporation. Indus OS’ key offering – “Indus App Bazaar” has over 400,000 apps accessible…