India, June 3 -- PhonePe-owned mobile app marketplace Indus Appstore's cofounder and CPO Akash Dongre has stepped down from his role.

"After more than a decade of building, I'm taking time to pause, recharge and reflect. I don't know exactly what comes next," Dongre said in a post on LinkedIn. Without divulging the succession plans precisely, Dongre said that Indus' Appstore will continue "under new leadership".

Sources told Inc42 that Priya Narasimhan, who has been serving as Indus' Chief Business Officer since Jan 2024, will lead Indus moving forward.

Dongre started the venture as Indus OS in 2013 alongside Rakesh Deshmukh and Sudhir Bangarambandi. His exit comes nearly four years after it was acquired by the Walmart-owned fintech gi...