Page 85 - Pine Labs News Today

Updated Dec 23, 2020 | 19:03 IST Bengaluru-based startups clocked the highest number of deals, followed by NCR Delhi, Mumbai, Chennai, Pune, Hyderabad and Ahmedabad. Representational Image&nbsp Bengaluru: The Covid shock of March devastated most industries and the startup ecosystem was no exception. Sequoia issued its now-famous memo calling Coronavirus the Black Swan of 2020 and Nasscom said 40% of Indian tech startups were forced to halt operations. But inves...

Pine Labs announces new investment from Lone Pine making its valuation exceed $2 billion As of now, Pine Labs serves more than 150,000 merchants in 3,700 cities across Asia and the Middle East. TechSamvad December 22, 2020 12:49:44 IST Pine Labs logo Merchant commerce platform Pine Labs on 21 December announced that it has raised fresh funds in a new round of funding fro...

Pine Labs announces new investment from Lone Pine, valuation exceeds $2 billion Pine Labs is a leader in the offline payments space. Photo: Priyanka Parashar/Mint 1 min read Share Via Read Full Story Merchant commerce platform Pine Labs today announced it has raised a fresh round of funding from Lone Pine Capital. With this investment, Pine Labs is now valued at over USD $2 billion. “We are thrilled to welcome Lone Pine as an investor during this exciting and transformative phase of Pine Labs...

Pine Labs gets funding from Lone Pine Capital Pine Labs gets funding from Lone Pine Capital Pine Labs did not disclose the amount of funding raised. Lone Pine’s investment follows the strategic investment made by Mastercard in January 2020, when it attained unicorn status, a statement said. Incorporated in Singapore, Pine Labs’ key investors include Sequoia India, Mastercard, Actis Capital, Temasek and PayPal. Small businesses and consumers are fast adopting to digital commerce and contact...

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Well soon meet in your inbox. Please wait... The fund infusion is through a mix of primary as well as secondary share of sales by investors, one person aware of the details said. The round was predominantly led by Lone Pine, the US-based hedge fund’s first investment in India, which has over the last year been making big money deals in payment and credit-focused fintech firms across the world. Amrish Rau, the CEO of Pine Labs told ET that the fresh funding will be predominantly deployed in on...

Pine Labs gets funding from Lone Pine Capital, attains valuation of $2 billion Pine Labs, one of the earlier merchant payment companies in India backed by Sequoia Capital is getting strategic investors on board like Temasek, PayPal, Mastercard and now has onboarded Lone Pine Capital. The company is aiming to expand its presence across India and South East Asia with these new funds and work on newer product lines to boost consumption December 21, 2020 / 11:08 AM IST Merchant payment company P...

December 21, 2020 Pine Labs has raised around $100 million in fresh funds from Lone Pine Capital, a hedge fund based in the United States, at a valuation of over US$2 billion, it said in a statement. With this round of funding, the domestic point-of-sale (POS) device player becomes the third most valued fintech in the country after Paytm and PhonePe. Pine Labs has a network of over 150,000 merchants in 3,700 cities across Asia and the Middle East and processes around $30 billion of payments per...

Unicorn fintech company Pine Labs has raised an undisclosed funding round led by billionaire hedge fund manager Stephen Mandel-founded Lone Pine Capital, taking the valuation of the Noida-based firm to over $2 billion. This makes it the most valued fintech company in the country after Paytm and Walmart-owned PhonePe. The firm did not reveal the amount it has raised from Lone Pine, but according to industry sources, the funding is about $75-100 million. US-based Lone Pine’s investment follows...

With 32 deals in its maiden year, 9Unicorns is now India’s top accelerator fund Akin to YCombinator’s investment strategy, 9Unicorns aims to create Airbnb, DoorDash kind of Unicorns over the next five years 0 claps Share on Even as Airbnb and DoorDash went for massive IPOs last week, their earliest investor YCombinator (YC), came out as a big winner. On IPO, the valuations for Airbnb and DoorDash soared to $100 billion and $71 billion, respectively, indicating stellar returns to YCombinator...