Category: PhonePe
Goldman Sachs-backed ZestMoney, once valued at $450M, to shut down
ZestMoney, a buy now pay later startup whose ability to underwrite small ticket loans to first-time internet customers attracted many high-profile investors including Goldman Sachs, is shutting down following unsuccessful efforts to find a buyer. The B…
Walmart’s PhonePe launches app store with zero fee in challenge to Google
PhonePe launched the Indus AppStore Developer Platform on Saturday, promising no platform fee or commission on in-app purchases as the Walmart-backed fintech races to win Android developers in Google’s largest market. The Bengaluru-headquartered …
PhonePe in talks to acquire Indian app store Indus OS
This post is by Manish Singh from Fundings & Exits – TechCrunch Walmart-backed payments services firm PhonePe is in advanced stages of talks to acquire Samsung-backed Indus OS, a startup that operates an eponymous third-party Android app store, a source familiar with the matter told TechCrunch. The deal values Indus OS at $60 million, the…