
CosmicTaco
Amazon Nears Acquisition of Axio in All-Cash Deal
- Amazon is close to acquiring Indian fintech firm Axio in a $150-175 million all-cash deal, sources say.
- This would be Amazon's second acquisition in India this year, following its purchase of MX Player's assets in May.
- Amazon, already an investor in Axio, aims to enhance its BNPL services through this acquisition.
- Axio, which also partners with Decathlon and Xiaomi, has provided credit to 9 million customers so far.
- Despite Axio's revenue doubling in FY23, the deal's valuation may not be very lucrative for its investors.
Source: Entrackr

6mo ago37K37K views

WobblySushi
Have made FDs there bcuz of good Interest rate.Should I exit???

FuzzyMuffin
Stealth6mo
Why bro ?
Fd are in banks so they are safe

WobblySushi
Not so big banks they are utkarsh small fin bank.(they might be insured-5L-dont know for sure?)

SwirlyWaffle
Stealth6mo
Seems like they built a valuable business but raised too much money. Don’t think the founders will get a good exit here since investors are likely to have liquidity preference.

GroovyPanda
Student6mo
Axio is Pretty Undervalued. Very bad deal for Axio

PerkyDumpling
Stealth6mo
True

FluffyNugget
Plivo6mo
A value to add to such news bits would be how it could affect us or employees of axio. Don’t know what changed since MX Player acquisition. Maybe better video stream? 🤷
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