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Indian Digital Payments Fintech Pine Labs Is Now Valued at $2 Billion following New Investment Round Digital payments firm Pine Labs has reportedly secured $75-100 million through an investment round that was led by US-headquartered hedge fund Lone Pine Capital, which is known for financing established US businesses like Uber. Pine Labs is now valued at approimately $2 billion — a significant increase of more than 33% from its previous valuation of $1.5 billion back in January 2020. Earlier this year, Pine Labs had secured funding from Mastercard. The company is now the third most-valuabl...

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 from Lone Pine Capital (Lone Pine). This investment takes the valuation of the company to over $2 billi...

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’ growth journey," commented B. Amrish Rau, CEO, Pine Labs. “Small businesses and consumers are ...

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 contactless checkout, Pine Labs CEO B Amrish Rau said. “We are also seeing tremendous uptake in Pay Later...

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