Twilio has entered into a definitive agreement for Tanla to purchase its ValueFirst business, which has over 1,500 monthly active customers in India, including Google and Tata Motors. The acquisition is seen as a strategic move by Twilio to allocate resources to other priorities, while Tanla believes it provides the best home for ValueFirst's employees and customers. The deal is expected to close in July 2023, subject to customary closing conditions.