New Delhi, May 27, 2024
Fintech unicorns BharatPe Group and PhonePe Group have amicably settled all long-standing legal disputes pertaining to the use of the trademark with the suffix ‘Pe’, both companies said in a joint statement.
BharatPe and PhonePe had been involved in long-drawn legal disputes across multiple courts, over the course of the last five years. The settlement will put an end to all open judicial proceedings, the statement said.
“BharatPe and PhonePe amicably settled all long-standing trademark disputes,” the statement said.
As a next step, parties have already taken steps to withdraw all opposition against each other in the trademark registry, which will help them to proceed with the registration of their respective trademarks, the statement said.
