Report: Indus OS investors take on PhonePe in legal battle over $60m acquisition deal

Report: Indus OS investors take on PhonePe in legal battle over $60m acquisition deal

Tech in Asia·2021-05-24 17:00

“A seemingly straightforward acquisition by PhonePe of homegrown content discovery platform Indus OS for about US$60 million has spiraled into a legal tangle as India’s second-largest fintech firm battles two existing investors for the five-year-old startup,” The Economic Times reported, citing court filings, regulatory disclosures, and three sources briefed on the matter.

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