# OSlabs Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oslabs-pte

- Industry: Software
- Headquarters: Bengaluru, India
- Website: www.indusos.com
- Total disclosed funding: $18M
- Latest round: Series B (Aug 5, 2020)
- Investors on record: 6

## About

Based in India, OSLabs Pte. Ltd. is a technology company specializing in mobile application marketplaces, providing a platform tailored for the Indian market with a focus on user-friendly experiences and multi-language support.Founded in 2013 and headquartered in Bengaluru, India, OSLabs Pte. Ltd. operates in the mobile application industry with a focus on the Indian market. The company was founded by Akash Dongre, Hari Padmanabhan, and Rakesh Deshmukh. OSLabs has successfully completed a total of 6 deals, with the latest funding round, Series B, raising USD 11.36 mn led by Samsung Venture Investment on July 29, 2022. This funding round brings the total amount raised to USD 11.36 mn, valuing the company at USD 35.625 mn.OSLabs operates the Indus Appstore, a comprehensive app marketplace designed specifically for the Indian market. The platform features a user-friendly interface hosting over 500,000 Android applications, accessible in twelve Indian languages. The appstore enhances app discovery through smart recommendations and is pre-installed on various smartphones, including Xiaomi and Lava, expanding its reach across millions of users in India.In the fiscal year 2023, OSLabs reported revenue of USD 5.11 mn, with an EBITDA of USD -13.40 mn, indicating the financial performance of the company in its operational landscape.OSLabs aims to enhance its offerings with the development of upcoming features for the Indus Appstore, although specific product launch dates have not been disclosed. The company is also looking to expand into new markets beyond India. Recent acquisitions, including PhonePe Private Limited's stake acquisition in July 2023, are expected to support these growth initiatives, leveraging their resources to enhance the mobile application ecosystem.

## Funding rounds

- Series B, Aug 5, 2020, $11M — Ventureast, Micromax Informatics Limited, Samsung Venture Investment, JSW Ventures, Affle Group, On Mauritius
- Series A, May 18, 2017, $6.9M — Ventureast, JSW Ventures, On Mauritius

## Investors

- Ventureast (https://capitalatlas.ai/funds/ventureast) — Series A, Series B
- JSW Ventures (https://capitalatlas.ai/funds/jsw-ventures) — Series A, Series B
- On Mauritius — Series A, Series B
- Micromax Informatics Limited — Series B
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series B
- Affle Group (https://capitalatlas.ai/funds/affle-group) — Series B