PhonePe Finally Acquires OSLabs After A Year-Long Wait
Fintech giant PhonePe has finally announced the acquisition of Indus OS’ parent OSLabs after buying investor Affle’s entire stake at premium.
Source: inc42.com
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Affle Picks Up Over 13% Stake In Indus OS From Samsung Ventures
Technology company Affle Global has reportedly picked up an additional stake of over 13% in homegrown content discovery platform Indus OS.
Source: inc42.com
PhonePe Receives $297 Mn Fresh Infusion From Singapore Parent
Flipkart-owned digital payments platform PhonePe has received close to $297 Mn from its Singapore-based parent entity
Phonepe Private Limited Singapore National Payments Corporation Of India Private Limited Affle Global National Payments Corporation
Source: inc42.com
PhonePe reaches out of court settlement with Indus OS shareholders
PhonePe's acquisition of Indus OS can go ahead as the payments company has reached an out-of-court settlement with the investors of Indus OS.
Source: medianama.com
KIMS share price: Stocks in the news: KIMS, Dodla, NTPC, Lupin, Affle and Indigo
NTPC: The state-owned power giant said it has set a target to install 60 gigawatts (GW) of renewable energy (RE) capacity by 2032. NTPC has become Indias first energy company to declare its energy compact goals as part of the UN High-level Dialogue on Energy (HLDE). InterGlobe Aviation: The parent of the countrys largest airline IndiGos shareholders have approved a proposal to raise up to Rs 3,000 crore. The funds would be raised through the Qualified Institutional Placement route. Thryocare Te...
United States Kishor Biyani Mcleod Russel Tenofovir Disoproxil Fumarate Ministry Of Railways Canara Bank
Source: indiatimes.com
Affle Global wins legal battles as PhonePe fails to acquire 92% of OSlabs Pte. Ltd.
Singapore, June 28 (ANI/PRNewswire): With respect to Affle Global Pte. Ltd. ("AGPL") minority shareholding in OSLabs Pte. Ltd. ("OSLabs" or "Indus OS"), AGPL finds that 100+ media stories were reported mostly with PhonePes bias on the OSLabs related matters including PhonePes alleged 92 per cent acquisition of OSLabs, USD60Mn valuation of OSLabs, court cases, arbitration, ethics and more. In contrast to the PhonePe and OSLabs founders/CEO venting unsubstantiated claims in the media, AGPL has ma...
Oslabs Pte Singapore High Court Singapore Court Affle Global Right Of First Refusal Samsung Ventures
Source: business-standard.com
Drone delivery trials begin this week
In todays ETtech Morning Dispatch: India to start testing drone delivery this week; Byjus is Indias most valued startup; and PhonePe-IndusOS deal lands in front of Sebi.
Source: indiatimes.com
PhonePe goes to Sebi against Ventureast for 'scuttling' Indus OS deal
PhonePes complaint with Sebi against Ventureast follows allegations that Ventureast sold its stake in IndusOS to Affle
Sameer Nigam Sudhir Bangarambandi Rakesh Deshmukh Akash Dongre Omidyar Network Exchange Board Of India Sebi
Source: indiatimes.com
PhonePe files complaint with SEBI against unethical actions by Ventureast in IndusOS deal
PhonePe has also filed a case against Affle and Ventureast (another IndusOS investor) in a Singapore court. The lawsuit claims that VPF "deliberately deceived" PhonePe, by continuing to engage PhonePe and OSLabs on the sale of its shares.
Source: india.com
PhonePe files SEBI complaint against Ventureast for "attempts to scuttle" Indus OS deal and for the "sake of larger startup ecosystem"
PhonePe CEO Sameer Nigam says the complaint seeks to expose the “unethical conduct” by VPF in relation to the Indus OS deal.
Sameer Nigam Singapore High Court Omidyar Network Exchange Board Of India Exchange Board Ventureast Proactive
Source: yourstory.com