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Indus OS Losses Up 123%; Will Demand For Indian Apps Spark Revival?

Ban On Chinese Apps Drives Indus OSDespite being in the red, Indus OS cofounder and CEO Rakesh Deshmukh is optimistic about the company’s growth trajectory. Elaborating on the same, Deshmukh told Inc42 that financial projections had pegged the breakeven for Indus OS to happen around January 2021. Indus OS claims that Indus App Bazaar has processed over 1 Bn app installs to date. However, with no clarification or updates on that front, Indus OS’ Indus App Bazaar remains the de facto homegrown app store in the country. Beyond running an independent app store, Indus App Bazaar also acts as a white-labelled app store for vendors.

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