Walmart-backed Indian funds companies agency PhonePe is in superior levels of talks to accumulate Samsung-backed Indus OS, a startup that operates an eponymous third-party Android app retailer, a supply aware of the matter advised TechCrunch.
The deal values Noida-headquartered Indus OS at $60 million, the supply mentioned, requesting anonymity because the matter is non-public. The deal has but to shut. PhonePe and Indus OS didn’t instantly reply to a request for remark.
Indian information outlet Entrackr first reported in regards to the growth.
Indus OS powers a number of common third-party Android shops together with Samsung’s Galaxy Store and gives companions with localized content material and apps.
Late final 12 months, Indus OS mentioned it supplied its companions 400,000 apps in English and 12 Indian languages. The seven-year-old startup, which has raised about $21 million thus far and monetizes by means of adverts, has amassed over 100 million customers.
The startup plans to launch an app retailer for particular person customers as soon as Google begins accepting third-party app shops, one other supply aware of the matter mentioned.
It stays unclear why PhonePe is fascinated with Indus OS’ providing. The Bangalore-based startup has lengthy supplied its personal mini app retailer on its app. A handful of companies — together with PhonePe rival Paytm — have both launched or explored launching their very own mini app shops in current months.
