PhonePe has acquired Indian android store Indus App Bazaar for Rs.438 cr. An official statement by both companies is yet to be released. Indus App Bazaar serves over 100 mn users and is available in 13 Indian languages with 40,000 apps being a part of the android store. App Bazaar aims to make apps easily accessible to everyone with an enhanced app store ecosystem. To date, Indus OS has earned nearly $20 mn.

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