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Pine Labs raises fresh funding from Lone Pine Capital - The Hindu BusinessLine

Pine Labs raises fresh funding from Lone Pine Capital
December 21, 2020
Valuation of merchant commerce platform crosses $2 billion
Pine Labs, a merchant commerce platform, has raised an undisclosed amount of funding in a fresh round from Lone Pine Capital, the US-based hedge fund headquartered in Greenwich, Connecticut. With this investment, Pine Labs is now valued at over $2 billion.
“We are thrilled to welcome Lone Pine as an investor during this exciting and transformative phase of Pine Labs’ growth journey,” said B Amrish Rau, CEO, Pine Labs in a statement. “Small businesses and consumers are fast adopting to digital commerce and contactless checkout. We are also seeing tremendous uptake in Pay Later services and have now enabled nearly 150,000 outlets for this. It’s time to invest heavily in offline and online commerce across India and SEA.” ....

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