PhonePe aims to be a top Google Play alternative in India — but it has a challenging road ahead [TechCrunch]
MakeMyTrip Limited - Ordinary Shares (MMYT)
Last makemytrip limited - ordinary shares earnings: 2/11 06:25 am
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Source: TechCrunch
The app store is based on Indus OS' tech, a company that PhonePe acquired in 2021. In this story, we are going to take a look at why developers are pushing for an alternative store and what is the market opportunity for these stores. Developers' tiff with Google In September 2020, Google temporarily pulled Indian fintech giant Paytm's app from the Play Store citing that the app broke the platform's rules. At that time Paytm offered fantasy sports app Paytm First, which was also listed on the Play Store. Paytm's main app also promoted this service, which broke Google's rule related to sports betting apps in India. Later that month, a bunch of Indian startups banded together to form a coalition and explore an alternative app store . These executives included Paytm's Vijay Shekhar Sharma, Deep Kalra of travel ticketing firm MakeMyTrip; and executives from PolicyBazaar, RazorPay, and ShareChat. Over the years, other startup executives have also complained about Play Store's 30%
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MMYT
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- 1/24/24 - Beat
MMYT
Sec Filings
- 3/1/24 - Form 144
- 2/16/24 - Form 144
- 2/16/24 - Form 144
- MMYT's page on the SEC website