PhonePe to acquire WealthDesk, OpenQ, reportedly for $70 million

PhonePe has said it will acquire wealth tech platforms WealthDesk and OpenQ. The acquisitions together will amount to around $70 million, media reports said. PhonePe will reportedly buy WealthDesk for roughly $50 million. WealthDesk's founder and the entire team will be working as a part of PhonePe and it will continue to remain an open platform for all players.