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Indian payments firm PhonePe to acquire IndusOS for $60m - Vimarsana News

Indian payments firm PhonePe to acquire IndusOS for $60m

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, ...