Affle To Acquire 8% Stake In Indus OS For $2.86 Mn
Affle to acquire 8% ownership in Indus OS, The deal is reported to be worth $2.86 Mn. Indus OS has also received investment from Samsung Venture Investment Corporation in the past.
Indus OS owns independent indigenous apps store.Indus App Bazaar is pre-installed on all Samsung devices and has also partnered with Indian Original Equipment Manufacturers (OEMs).
Rakesh Deshmukh, the co-founder, director and CEO of Indus OS said, “this deal would strategically strengthen our market position and create a leading one-of-a-kind engagement model for Indian users.”