Page 19 - Pine Labs News Today

Unified Payments Interface (UPI), the real-time bank transfer mechanism, breached the 10 billion monthly transaction volume mark last month. And with the festive season not too far away, one can only expect it to grow more in the coming months. But what does this 10 billion really mean — and how did we get here?

Fidelity Investments, which invested close to $42 million in Meesho in September 2021, has marked up the fair value of its investment in the e-commerce platform to $43.24 million as of July 31, the filings showed.

In Primeshots today: Barons valuation rejig; ChatGPTs enterprise version; and a gaming goldmine

Fidelity Investments has increased the valuations of ecommerce unicorn Meesho and fintech unicorn Pine Labs, per SEC filings.

Incoming SAP chairman Punit Renjen dwells at length on his new role, the opportunities it throws up, and his hopes for a wider collaboration between India and the US. Heres what he told us and more in todays Morning Dispatch.

In its April-June quarterly report, Baron Capital cut the valuation of Byjus to $11.7 billion as of June 30, down 44.6% from $21.2 billion as of March 31.

Baron Capital has marked up the valuation of foodtech giant Swiggy and fintech major Pine Labs as of June 2023.

Baron has slashed the fair value of Byju’s by 44.6 percent, effectively valuing the edtech giant at just under $12 billion, the company’s June quarter report showed

US-based asset management firm Baron Capital has marked up the valuation of Swiggy and Pine Labs while slashing the valuation of edtech major Byjus by almost half. This comes at a time when several Indian startups have faced valuation markdowns in the past few months.

Nikhil Narayanan joins Pine Labs