Friday, April 26

Tag: Indus OS

Affle to acquire 8 pc stake in Indus OS for $2.86 million
3Jul By PriyankaNo Comments
ACQUISITION

Affle to acquire 8 pc stake in Indus OS for $2.86 million

San Francisco, 3rd July 2020: Mobile advertising company Affle said it will acquire 8 percent stake in smartphone operating system firm Indus OS. "Affle (India) Ltd through its subsidiaries announced the signing of a definitive agreement to acquire 8 percent ownership in OSLabs Pte Ltd, Singapore, (Indus OS). Indus OS operates India's largest independent indigenous app store, with key investment from Samsung Venture Investment Corporation," Affle said in a statement. According to a regulatory filing, Affle will pay USD 2.86 million or about Rs 21 crore to Indus OS for the stake. "We derive significant synergies with the Indus App Bazaar which, through its multi-lingual capabilities, deeply enhances our vernacular scale and the verticalisation strategy. "It strengthens Affle's ...
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Indus OS Raises Funds From JSW Ventures, VenturEast
29Mar By AnkitaNo Comments
FUNDING

Indus OS Raises Funds From JSW Ventures, VenturEast

Indus OS, a startup which has created a regional operating system, today said it has raised an undisclosed amount from new investors JSW Ventures and VenturEast in recently-concluded financing round. Omidyar Network, an existing investor, has also participated in the latest round. "The amount which has been raised will be used for product development and hiring new talent," Indus OS CEO & co-founder Rakesh Deshmukh told.
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