Ventureast

The acquisition was closed after a months-long legal dispute between PhonePe and AGPL and Ventureast Fund on the valuation of IndusOS, which is alternatively called OSLabs.

PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million

Fund lines up investments in three new startups - Find Me A Shoe, OS Labs & a digital-health startup