Is Amazon acquiring app aggregator Tapzo?

According to industry reports, Tapzo has been in advanced talks with Amazon for its acquisition by the latter. It is said that both Amazon and Tapzo have been in talks for over four months.

Sequoia Capital-backed Tapzo began talks with Amazon in April this year. Both the companies have given the green signal for the deal. If nothing goes wrong from here then the acquisition could be announced by the next month. However, the initial discussion didn’t take off owing to the valuation offered by Amazon to Tapzo, with fresh discussions starting only in July.

Tapzo is a super app which allows users to access more than 35 apps, such as Flipkart, Amazon, Ola, Uber, and others. As a part of its new business line, users can recharge mobile, DTH and data card, make bill payments, order cabs and food, book flight and bus tickets amongst many other things on a new technology layer that it is offering....Read More