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We'll 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 onboarding storefronts across the country onto its ‘Pay Later’ platform. The company will also sh...

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 the strategic investment made by Mastercard in January 2020, when Pine Labs attained unicorn status...

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 ...