Amazon Pay Looking to Acquire Tapzo in a Cash & Stock Deal
Amazon’s online payments processing service Amazon Pay is looking forward to acquiring personal assistant platform Tapzo in a part-stock and part-cash deal with an aim to build on its payment offering and create multiple use cases for it.
The deal has been valued at between $40-45 million. The stock component will give a cash-out to investors whereas Ankur Singla and Vishal Pal Chaudhary, co-founders of Tapzo will get some cash along with shares in Amazon.
The sources have claimed that the deal was completed last week and Tapzo’s founders are likely to get on board Amazon Pay’s team in India.
Founded in 2010, Tapzo is an aggregator platform that allows users to access over 35 apps including Amazon, Flipkart, Ola, Uber, and more from its interface. It provides a group of transactio...