Page 24 - Pine Labs News Today

Former Fave executives Joel Neoh and Audra Pakalnyte have established First Move, a founder-led early-stage fund launched to empower consumer-focused startups across Southeast Asia. 

Fidelity pegged the fair value of Pine Labs at $4.5 billion, while it valued Gupshup at $882 million. Pine Labs was last valued at $5 billion, while Gupshup last raised funds at about $1.4 billion valuation.

The venture capital firm has already backed startups such as eyewear retailer Lenskart, news aggregator Dailyhunt, fitness platform Cultfit, app development company Builder.ai, and healthtech startup Pristyn Care.

In a note, the NPCI has asked PPI issuers to stop such services with immediate effect and close down existing wallets by June 30

In a bid to woo entrepreneurs, Noida Authority has reportedly announced a leasing scheme for startups to set up their base in the city.

PhonePe, the fintech unicorn, has officially launched its payment gateway as it seeks to expand into larger...

The latest offering puts the Walmart-backed digital payments app up against the likes of Paytm and Pine Labs, which already have a presence in the offline category, and Razorpay and Cashfree in the online space.

The space is presently has players like Razorpay, Cashfree, CCAvenue, Pine Labs, and PayU. One97 Communications Limited, the parent company of Paytm also launched its own payment gateway in 2012.

The latest offering puts the Walmart-backed digital payments app up against the likes of Paytm and Pine Labs, which already have a presence in the offline category, and Razorpay and Cashfree in the online space.

In the last six months, Mamaearth parent Honasa Consumer is the sole VC-backed unicorn to have submitted draft papers to SEBI. Following the IPOs of Zomato, Paytm, PB Fintech and others, companies have realised that public shareholders have different perceptions of their businesses and valuations as compared to private investors.