The Indus Appstore is PhonePe's attempt at creating a more competitive and localized mobile app store economy for India, which is already the world's largest market for mobile apps
The acquisition was closed after a months-long legal dispute between PhonePe and AGPL and Ventureast Fund on the valuation of IndusOS, which is alternatively called OSLabs.
Today the start-up, launched by three IIT Bombay alumni seven years ago, claims to be the largest indigenous app store with a user base of over 100 million