Weekly News Wrapp: Google asked by the SC to comply with CCI orders, PhonePe raises funding from General Atlantic, and more

Welcome back to the Weekly News Wr(app), the weekly Indus OS series that recaps the latest in the mobile and app industry. 

In this week’s wr(app), we cover:

  • Supreme Court denies a stay against the CCI rulings to Google
  • PhonePe raises $350Mn from General Atlantic
  • IIT Madras announces a new Android Fork based OS, BharOS
  • A new app launched in India, InDrive, that lets you decide your cab fare

Read the complete stories below:

Google vs CCI: Supreme Court denies a stay against the CCI rulings to the tech giant

A watershed moment for the app industry, on January 19, the Supreme Court of India rejected Google’s plea for a stay against CCI’s order that had directed the company to cease anti-competitive practices, along with paying a penalty of INR 1338 crores for exploiting its dominant position in the Android market. 

Rakesh Deshmukh, CEO, and co-founder of Indus OS expresses his delight at the SC order and says, “Indus OS is delighted and welcomes the landmark judgment of the Hon’ble Supreme Court of India in this matter. We strongly believe that this decision will usher in a cataclysmic change in the Indian Smartphone Ecosystem and further improve and enhance digital penetration in our country. Hon’ble Supreme Court upholds the CCI order, which has directed Google to allow alternative app stores like ours to be distributed freely through Google Play. We are glad that millions of Indian users will now have a choice to experience our app store, without any restrictions. Indus OS has been working on its app store for over a decade now, which is tailor-made to meet the preferences of Indian consumers.”

Google has been asked to comply with the CCI orders within this week. 

Source: https://bit.ly/3iQ8trY

PhonePe's big E- commerce bet, India top nation for app development, VLC banned

PhonePe raises $350Mn in funding at $12Bn valuation

PhonePe, a payment and financial services unicorn, recently raised $350Mn in funding at a pre-money valuation of $12Bn from General Atlantic. This is the first share of the total fundraising the company commenced this year. 

“We are an Indian company, built by Indians, and our latest fundraise will help us further accelerate the Government of India’s vision of digital financial inclusion for all,” said Sameer Nigam, Founder and CEO, PhonePe.

PhonePe also recently announced a full separation from the Flipkart Group.

Source: bit.ly/3kCch0q

IIT Madras announces a new OS based on Android Fork: BharOS

BharOS, an OS based on Android Fork, has been recently announced by IIT Madras and developed by JandK Operations Private Limited (JandKops), a not-for-profit organization established by IIT Madras. It has been developed for a niche target audience, including businesses and organizations that have specific security requirements and sensitive information. There are no pre-burnt or pre-installed apps in the OS. 

Source: bit.ly/3XJUC5k

Decide your cab fare on your own with InDrive

An Ola and Uber competitor, InDrive was recently launched in India, mainly in New Delhi. It offers the same functionalities as its competitor, however, there is a twist in its cab fares. Unlike Ola or Uber, where the price is based on demand and supply and has no room for negotiation, InDrive users can negotiate the fare with the cab drivers.  

The app is available to use in multiple languages, including Hindi, Bengali, Urdu, and English.

Source: https://www.indiatoday.in/technology/features/story/indrive-app-offer-relief-uber-ola-surge-price-how-does-it-work-2323119-2023-01-18

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