Affle claims victory in Singapore court in battle over PhonePe’s Indus OS acquisition
Image Credit: shortpedia
Digital advertising and marketing tech platform Affle Global has claimed a favourable ruling from the Singapore High Court (HC) in its battle against Flipkart-owned PhonePe over the acquisition bid for IndusOS maker OSLabs. In response to Affle, PhonePe refuted the claims and said no final ruling has come forth yet. Affle has a 23% stake in OSLabs, while PhonePe holds 32% stake in the entity