PhonePe all set to acquire IndusOS for $60 million after restrictions posed by Google's play store

PhonePe is acquiring IndusOS, bolstering its plans for a super app independent of the restrictions posed by Google's Play Store, which is making commissions mandatory and has received backlash from the technology community in India.

Payments firm PhonePe is in the final stages to acquire mobile operating system startup IndusOS for $60 million, sources said, the latest sign of large startups rallying against Google to build and launch apps on their own platforms.

IndusOS will work with PhonePe's Switch -- a service which enables multiple apps such as Ola, redBus, Goibibo, Myntra, Delhi Metro, Grofers on a single platform.

IndusOS, founded by Akash Dongre, Rakesh Deshmukh, and Sudhir Bangarambandi, has raised about $20 million so far from Samsung Ventures, Omidyar Network and Snapdeal founders Kunal Bahl and Rohit Bansal among others.

Indian entrepreneurs have increasingly been rallying against Google, which recently announced its plans to charge companies 15-30 percent for using its app store and processing payments on other apps.