Indus Appstore co-founder Akash Dongre exits PhonePe-owned Play Store rival
Dongre steps down after over a decade, leaving the homegrown Android app marketplace under new leadership. Indus Appstore, acquired by PhonePe in July 2022 and publicly launched February 2024, has crossed 150 million users across 12 Indian languages and recently onboarded Xiaomi India.
Akash Dongre, co-founder of PhonePe-owned Indus Appstore, has stepped down after over a decade. The homegrown Play Store alternative, launched February 2024, has crossed 150 million users and onboarded Xiaomi India. It will continue under new leadership.
Why this matters
Dongre's exit follows the 150M-user milestone and Xiaomi India onboarding, marking a leadership transition for PhonePe's Play Store challenger as it scales post-2024 launch.
Leadership signals holding steady with 157 signals tracked over the past 90 days.