Pine Labs Recent News & Articles

General News

Sep 30, 2024 US investor Invesco raises fair value of Swiggy, reduces valuation of Pine Labs

Aug 6, 2024 Pine Labs-owned Setu partners Axis Bank for UPI-focused payments platform

Jun 20, 2024 Fintech firm Pine Labs weighs $1 billion IPO in India

May 19, 2024 Singapore court clears Pine Labs plea to move domicile to India

May 14, 2024 Pine Labs ties up with largest bank in Dubai, set to offer payment solution

Apr 14, 2024 Baron hikes Pine Labs valuation to $5.8 billion, Invesco marks it up to $4.8 billion

Aug 3, 2023 Pine Labs onboards OnePlus executive as chief revenue officer

Jan 23, 2023 Pine Labs acquires enterprise platform from Saluto Wellness

Jun 23, 2022 Pine Labs acquires API infrastructure startup Setu

Apr 13, 2022 Pine Labs picks up majority stake in Mosambee

Funding News

Apr 12, 2022 Exclusive: Pine Labs buys back shares worth $6 Mn from top brass; increases ESOP pool to $680 Mn

Mar 30, 2022 Pine Labs bags $50 Mn from Vitruvian

Feb 18, 2022 Pine Labs raises $150 Mn from Alpha Wave at $5 Bn valuation

Nov 17, 2021 Exclusive: Freshworks, Dream11, Swiggy and Indifi founders invest in Pine Labs

Sep 16, 2021 IPO-bound Pine Labs gets $100 Mn from Invesco Developing Markets Fund

Jul 6, 2021 Pine Labs closes its latest fundraise at $600 Mn

May 20, 2021 Exclusive: Sequoia and Madison offload $60 Mn worth stake in Pine Labs’ secondary deal

May 17, 2021 Pine Labs raises $285 Mn in a fresh round at over $3 Bn valuation

Dec 21, 2020 Pine Labs secures a fresh round at a valuation of over $2 Bn

Sep 30, 2020 Pine Labs allots $14 Mn worth ESOPs to its CTO, CFO and a dozen others

Financial News

Dec 29, 2023 Pine Labs nears Rs 1,600 Cr revenue in FY23 with sound economics

Jan 7, 2023 Pine Labs’ scale goes past Rs 1,000 Cr in FY22

Jul 5, 2022 Pine Labs revenue drops 14% in FY21 as losses surge 2.64X

Dec 19, 2019 Pine Labs posts Rs 492 Cr operating revenue in FY19; gifting solution registers 3X jump

Oct 30, 2018 Pine Labs in FY18: Revenue soars 55% to Rs 303 Cr, losses shrink to Rs 2.5 Cr