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ETtech Exclusive: PhonePe s Indus OS deal in a legal tangle SECTIONS Share iStock A seemingly straightforward acquisition by PhonePe, of homegrown content discovery platform Indus OS for about $60 million, has spiralled into a legal tangle as India’s second-largest fintech battles two existing investors in the five-year-old startup Affle Global and early-stage investment firm Ventureast in a Singapore court. Both factions have filed competing lawsuits against the other in the Supreme Court of Singapore. ET has seen court filings, regulatory disclosures and spoken to three sources briefed on the matter. Walmart-backed PhonePe was in the final stages of closing its acquisition of Indus OS before mid-June with the term-sheet signed and ready, according to the people cited above. ....
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