Amazon has agreed to acquire Indian buy-now, pay-later startup Axio, deepening its push into financial services in one of its fastest-growing markets. The Amazon has agreed to acquire Indian buy now pay later startup Axio.

Tech giant Amazon has signed an agreement to acquire Indian Buy Now Pay Later (BNPL) startup axio, according to a blog post.

Amazon agrees to acquire Bengaluru-based digital lending startup Axio, formerly known as Capital Float, for an estimated enterprise value of $150-160

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Two major battery manufacturers have plans to set up plants in India. This and more in today’s ETtech Morning Dispatch.