Tag: Indus App bazaar acquisition

PhonePe acquires Indus App Bazaar for Rs 438 crore

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…