One97 Communications, which owns Paytm has acquired Tiger Global-backed technology startup Cube26.

The companies did not disclose the financial details of the deal, but stated that, after the deal goes through, Cube26’s team will join Paytm and work towards building special engagement features on the application.

Madhur Deora, Chief Financial Officer, Paytm stated, “We are focused on building a more immersive and feature rich mobile experience for our large active user-base. With this acquisition,the Cube26 team will work with the Paytm team to add more social engagement features to our products and services.”

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