One97 Communications Ltd which owns payments app Paytm has acquired the New Delhi-based technology start-up Cube26..Cube26 is backed by Tiger Global Management and Flipkart..Shardul Amarchand Mangaldas acted for Paytm and the team was led by Partners Raghubir Menon, Ekta Gupta, and Aditya Parolia..Obhan & Associates advised Cube26 and the team was led by Partner Ashima Obhan along with Associate Akanksha Dua..The acquisition will help Paytm upgrade user experience over its mobile platform..Cube26 develops customized Android OS for original equipment manufacturers, and it is currently building a games and apps store by connecting India-based developers directly with smartphone users, reported Mint.
One97 Communications Ltd which owns payments app Paytm has acquired the New Delhi-based technology start-up Cube26..Cube26 is backed by Tiger Global Management and Flipkart..Shardul Amarchand Mangaldas acted for Paytm and the team was led by Partners Raghubir Menon, Ekta Gupta, and Aditya Parolia..Obhan & Associates advised Cube26 and the team was led by Partner Ashima Obhan along with Associate Akanksha Dua..The acquisition will help Paytm upgrade user experience over its mobile platform..Cube26 develops customized Android OS for original equipment manufacturers, and it is currently building a games and apps store by connecting India-based developers directly with smartphone users, reported Mint.
