chinese app ban: Ban on Chinese apps: Indus OS turns profitable, targets new smartphone users – The Economic Times

PUNE: Indus App Bazaar said the pandemic and the ban on Chinese apps have helped drive traffic on the indigenous app store , helping it turn operationally profitable ahead of target. ࢀœWe set ourselves the target of turning profitable by 2021 and have already achieved it. The pandemic and ban on Chinese apps have both brought about a significant shift in the overall landscape,ࢀ chief executive Rakesh Deshmukh said. The company has become profitable on the basis of earnings before interest, tax, depreciation and amortisation, and has an annual recurring revenue of $10 million, he said. Indus OS claims to…