Pine Labs is launching an AI underwriting tool and new employee benefit cards. The company is expanding i ...More

Pine Labs is launching an AI underwriting tool and new employee benefit cards. The company is expanding its services beyond payment processing into lending. International revenue saw significant growth, with expansion plans in several countries. UPI transactions now dominate merchant checkouts, driving new device adoption. Pine Labs anticipates Apple Pay's entry into India later this year. ...Less

Revenue from operations rose 20% to Rs 736.9 crore from Rs 615.9 crore. The growth was led by its issuing ...More

Revenue from operations rose 20% to Rs 736.9 crore from Rs 615.9 crore. The growth was led by its issuing and acquiring platform, which expanded 31%, while its digital infrastructure and transaction-processing business grew 15%. ...Less

Swiggy has roped in former Myntra CEO Nandita Sinha to lead its quick commerce unit Instamart. This and m ...More

Swiggy has roped in former Myntra CEO Nandita Sinha to lead its quick commerce unit Instamart. This and more in today’s ETtech Top 5. ...Less

Happy Wednesday! Atomberg Technologies is in talks to raise funding for its engineering arm ahead of a pu ...More

Happy Wednesday! Atomberg Technologies is in talks to raise funding for its engineering arm ahead of a public listing. This and more in today's ETtech Morning Dispatch. ...Less

Four Nifty500 stocks closed more than 1.5% below their VWAP on July 29, signalling rising selling pressur ...More

Four Nifty500 stocks closed more than 1.5% below their VWAP on July 29, signalling rising selling pressure and potential bearish momentum, according to StockEdge technical scan data. ...Less

Anand Raisinghani has resigned from his role at Pine Labs-owned Setu, an API infrastructure company. He i ...More

Anand Raisinghani has resigned from his role at Pine Labs-owned Setu, an API infrastructure company. He is stepping down to pursue new career opportunities outside the organisation. Raisinghani joined Setu in April 2025 after a long career in technology. This departure follows cofounder Nikhil Kumar's exit from daily operations. ...Less

We are in uncertain and volatile times. Does that mean investors should just sit out the downturn? While ...More

We are in uncertain and volatile times. Does that mean investors should just sit out the downturn? While that is an option, the better option is to use the current drawdown as an opportunity to pick up stocks of good businesses. And how do we define a good business? It is one with three clear attributes. ...Less

Indian equities rallied sharply as Sensex gained 889 points and Nifty topped 24,250, adding over Rs 4 lak ...More

Indian equities rallied sharply as Sensex gained 889 points and Nifty topped 24,250, adding over Rs 4 lakh crore in market value. Strong IIP data, IT and metal buying, bullish technical indicators and improving FII sentiment outweighed geopolitical concerns and higher oil prices. ...Less

Mutual funds invested Rs 50,600 crore in stocks during June. They significantly bought JSWInfra, Bajaj Fi ...More

Mutual funds invested Rs 50,600 crore in stocks during June. They significantly bought JSWInfra, Bajaj Finance, and HDFC Bank. Conversely, Asian Paints, ICICI Bank, and SBI saw major reductions. In midcaps, JSW Infrastructure and Meesho were key additions by funds. Smallcap segment saw buying in Acme Solar Holdings and Craftsman Auto. ...Less

Cellecor Gadgets is aiming for ₹5,000 crore revenue within three years. Consumer appliances and smart TVs ...More

Cellecor Gadgets is aiming for ₹5,000 crore revenue within three years. Consumer appliances and smart TVs offer significant long-term growth opportunities. The company is investing in a manufacturing unit in Liberia, West Africa. Its offline distribution network contributes over ninety per cent of total revenue. ...Less

Five stocks from the Nifty500 segment that gained over 5% featured in the RSI Trending Up scan on July 13 ...More

Five stocks from the Nifty500 segment that gained over 5% featured in the RSI Trending Up scan on July 13 after showing improving momentum. The RSI moved above the 50 mark from lower levels, signalling strengthening price action, improving sentiment and potential short-term buying opportunities for traders tracking bullish technical setups. ...Less

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The stock market witnessed a strong intraday recovery from the day’s lows, ending with modest gains amid ...More

The stock market witnessed a strong intraday recovery from the day’s lows, ending with modest gains amid a positive underlying sentiment supported by encouraging IT business updates and attractive valuations, said Vinod Nair, Head of Research of Geojit Investments. ...Less

One of the early movers in the payments processing business, targeting small business and merchants, PayU ...More

One of the early movers in the payments processing business, targeting small business and merchants, PayU has grown into a larger fintech firm by growing through the acquisition route. It entered the credit business by acquiring Mumbai-based fintech startup PaySense in 2020 and rebranded the product PayU Finance. ...Less

Announcing his departure through a post on Linkedin, Gupta said he was leaving to build a new venture, an ...More

Announcing his departure through a post on Linkedin, Gupta said he was leaving to build a new venture, and called it a natural next step after spending years building products and businesses at startups such as PhonePe, Flipkart, and Pine Labs. ...Less

Visa's 'Payment Passkey' solution, launched in India, aims to enhance digital payment security beyond pas ...More

Visa's 'Payment Passkey' solution, launched in India, aims to enhance digital payment security beyond passwords and OTPs. Leveraging device biometrics like fingerprint and facial recognition, it offers a more seamless and secure authentication experience. This move aligns with India's evolving digital payments landscape, emphasising trust alongside scale, and positions the nation for a future driven by AI-powered commerce. ...Less

Promoters and large shareholders are cashing in on a stock market rebound, offloading shares worth over ₹ ...More

Promoters and large shareholders are cashing in on a stock market rebound, offloading shares worth over ₹24,000 crore in May and June. This surge in secondary market deals, driven by strong domestic institutional investor appetite fueled by SIP inflows, contrasts with a lull earlier in the year. Notable sales include Vedanta, Craftsman Automation, and PB Fintech, with investors seeing favorable conditions for monetizing holdings and rebalancing portfolios. ...Less

Meta Chief Product Officer Chris Cox reached out to Shah directly in the spring, seeking advice on pickin ...More

Meta Chief Product Officer Chris Cox reached out to Shah directly in the spring, seeking advice on picking the future leader of WhatsApp. Cox had been calling entrepreneurs and investors in places like India, Brazil and Mexico, countries where WhatsApp is a dominant part of business and culture, and Shah’s ideas about the future of the app left an immediate impression. ...Less

Indian markets rallied on Wednesday, with Sensex and Nifty gaining up to 1% amid easing crude prices, sup ...More

Indian markets rallied on Wednesday, with Sensex and Nifty gaining up to 1% amid easing crude prices, supportive global cues and optimism over India-US trade talks. Analysts highlight key technical levels for Nifty, while stock-specific action was seen in banking, IT, infrastructure and midcap counters across NSE trading data. ...Less

Indian tech entrepreneur Kunal Shah is set to lead WhatsApp, the world's largest messaging platform, succ ...More

Indian tech entrepreneur Kunal Shah is set to lead WhatsApp, the world's largest messaging platform, succeeding Will Cathcart. Shah, the founder of fintech unicorn CRED and pioneer of digital payments with FreeCharge, brings extensive experience in building successful tech ventures. Meta's investment in CRED and Shah's deep understanding of user needs in India, WhatsApp's largest market, underscore the significance of this appointment for the global messaging giant's future strategy. ...Less

Meta enters the cap table of fintech co-valued at $4.5 billion post-money; Miten Sampat is interim CEO. T ...More

Meta enters the cap table of fintech co-valued at $4.5 billion post-money; Miten Sampat is interim CEO. The funding comprises about $400 million in secondary sale of shares by existing shareholders, while the remaining $500 million will be ploughed into the company. ...Less

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Indian startups are experiencing a surge in M&A exits, particularly in consumer, fintech, and ecommerce s ...More

Indian startups are experiencing a surge in M&A exits, particularly in consumer, fintech, and ecommerce sectors, signalling a robust recovery in dealmaking. Major acquisitions by L'Oréal and Marico have been the latest in this trend, with strategic buyers increasingly seeking to integrate new capabilities. ...Less

Top global investors like SoftBank and KKR have cashed out nearly Rs 18,000 cr from new-age Indian compan ...More

Top global investors like SoftBank and KKR have cashed out nearly Rs 18,000 cr from new-age Indian companies post-listing. This marks a shift, with IPOs now seen as the start of a longer monetisation cycle, allowing for staggered exits and continued upside for early backers. ...Less

The P3P AI agent can complete a UPI payment without any human authentication. However, the human still st ...More

The P3P AI agent can complete a UPI payment without any human authentication. However, the human still stays in control. Currently, AI agents need a human authentication step, an MPIN, to make any payments. Pine Labs has removed this wall. It builds on UPI’s existing mandate framework - UPI One Time Mandates (OTM) and Reserve Pay. ...Less

India Inc. is celebrating Kunal Shah's appointment as WhatsApp head, hailing it as a milestone for Indian ...More

India Inc. is celebrating Kunal Shah's appointment as WhatsApp head, hailing it as a milestone for Indian startup leadership. Industry leaders lauded his "intellectual curiosity" and "infectious optimism," noting his unique philosophy background and entrepreneurial journey. Meta's investment in his fintech firm CRED and Shah's deep understanding of consumer behavior are seen as key assets for the messaging giant's future growth. ...Less

Turtlemint has set a price band of Rs 144-152 per share for its Rs 883 crore IPO, which opens on June 19. ...More

Turtlemint has set a price band of Rs 144-152 per share for its Rs 883 crore IPO, which opens on June 19. The IPO comprises a fresh issue of Rs 660.72 crore and an offer for sale of Rs 221.94 crore at the upper band. At the upper end, the company will be valued at about Rs 4,513 crore, or $475 million, lower than the $900-950 million valuation, or about Rs 7,000 crore, at which it had raised funding in 2022. ...Less

Happy Monday! Byju's US lenders and Manipal are close to sealing a settlement over Aakash. This and more ...More

Happy Monday! Byju's US lenders and Manipal are close to sealing a settlement over Aakash. This and more in today’s ETtech Morning Dispatch. ...Less

Happy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in tod ...More

Happy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch. ...Less

JioBlackRock Flexi Cap Fund exited Adani Enterprises, Adani Ports and three other stocks in May while add ...More

JioBlackRock Flexi Cap Fund exited Adani Enterprises, Adani Ports and three other stocks in May while adding Tata Motors and 14 new stocks to its portfolio, according to monthly disclosures. The fund sold 40,731 shares of Adani Enterprises worth Rs 9.80 crore and exited 76,122 shares of Adani Ports during the month. ...Less

Pine Labs shares surged after the company reported a significant turnaround, posting a Rs 59 crore net pr ...More

Pine Labs shares surged after the company reported a significant turnaround, posting a Rs 59 crore net profit in Q4FY26 against a loss last year. Full-year profits also swung to Rs 113 crore. Despite a recent share price dip, Morgan Stanley maintains an "Equal-weight" rating with a Rs 245 target, citing strong business growth. ...Less

Audio entertainment startup Pocket FM is reportedly in discussions to shift its holding structure back to ...More

Audio entertainment startup Pocket FM is reportedly in discussions to shift its holding structure back to India, signalling potential plans for a domestic public listing. This move follows rival Kuku Technologies' formal steps towards an IPO, intensifying focus on India's growing audio and mobile-first storytelling market. ...Less

Pine Labs was listed in November 2025. Sharing details about its IPO proceeds, Pine Labs said that the co ...More

Pine Labs was listed in November 2025. Sharing details about its IPO proceeds, Pine Labs said that the company had raised Rs 2,080 crore in fresh capital, out of which around Rs 797 crore has already been used up with a major part going towards repaying borrowings. ...Less

Pine Labs Q4 Results: Payments solutions provider Pine Labs turned profitable in the March-ended quarter, ...More

Pine Labs Q4 Results: Payments solutions provider Pine Labs turned profitable in the March-ended quarter, posting a consolidated net profit of Rs 59 crore versus a net loss of Rs 29 crore in the year ago period. ...Less

India's top three smallcap mutual funds, managing over Rs 1.5 lakh crore, show strong consensus by holdin ...More

India's top three smallcap mutual funds, managing over Rs 1.5 lakh crore, show strong consensus by holding five under-the-radar stocks across their portfolios. These include Kalpataru Projects International, KIMS, City Union Bank, PVR Inox, and Carborundum Universal, collectively representing 5.34% of their combined assets. ...Less

Leading Indian law firms are increasingly rehiring former lawyers, a trend dubbed "boomerang hiring," to ...More

Leading Indian law firms are increasingly rehiring former lawyers, a trend dubbed "boomerang hiring," to combat intense competition for legal talent. This strategy offers firms reduced onboarding costs and risks, while returning lawyers gain comfort and growth. Firms view this talent mobility as a positive professional cycle, strengthening their partnerships and endorsing their culture. ...Less

India’s startup ecosystem witnessed bigger funding rounds this week compared to the last. ...More

India’s startup ecosystem witnessed bigger funding rounds this week compared to the last. ...Less

SVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 ...More

SVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wednesday. The shares were sold at Rs 508.55 apiece, with Goldman Sachs, Fidelity, Quant Mutual Fund, WhiteOak Capital, and other institutional investors among the buyers. SoftBank’s stake has now fallen to 9.88%. ...Less

Growth in the core payments business, expansion across credit products and wider adoption of revenue-gene ...More

Growth in the core payments business, expansion across credit products and wider adoption of revenue-generating payment instruments like credit cards on UPI, helped payment companies strengthen their bottom lines. ...Less

Morgan Stanley maintains a constructive outlook on select Indian largecap stocks in defence, energy, and ...More

Morgan Stanley maintains a constructive outlook on select Indian largecap stocks in defence, energy, and fintech, citing strong growth prospects. The brokerage reiterates bullish stances on Bharat Electronics, ONGC, and Pine Labs, highlighting robust execution, energy security tailwinds, and rising digital transaction volumes as key drivers for future performance. ...Less

Happy Tuesday! Recent data-collection experiments by on-demand platforms have drawn attention to Indian p ...More

Happy Tuesday! Recent data-collection experiments by on-demand platforms have drawn attention to Indian physical AI startups. This and more in today's ETtech Morning Dispatch. ...Less

HR firm Xpheno categorised 79% of tech startups, such as Lending-Kart, Nykaa, Pinelabs, UrbanClap, Practo ...More

HR firm Xpheno categorised 79% of tech startups, such as Lending-Kart, Nykaa, Pinelabs, UrbanClap, Practo, Zoomcar, Grofers and ShareChat, as soonicorns. The report predicts that these companies will be doubling their aggregate headcount to 36,000 next year. ...Less

Pine Labs shares saw a significant fall on Wednesday. This decline followed the expiry of a six-month loc ...More

Pine Labs shares saw a significant fall on Wednesday. This decline followed the expiry of a six-month lock-in period, which made a large number of shares available for trading. The stock reached its lowest point in over a month. This event does not guarantee immediate selling but opens the door for shareholders to trade their holdings. ...Less

Indian equity markets have remained under pressure in CY26 amid global uncertainties, persistent FII sell ...More

Indian equity markets have remained under pressure in CY26 amid global uncertainties, persistent FII selling and other macroeconomic challenges. The BSE Sensex has fallen about 12.5% so far this year, while several large-cap stocks have witnessed sharp corrections. Fifteen large-cap names have declined between 25% and 40%, highlighting the breadth of the ongoing market weakness. ...Less

US demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. ...More

US demand for H-1B visas has slumped to a seven-year low amid steeper costs and Trump-era policy shifts. This and more in today’s ETtech Top 5. ...Less

Pine Labs' Setu platform has launched an "agentic" bill-payment experience in India, aiming to automate b ...More

Pine Labs' Setu platform has launched an "agentic" bill-payment experience in India, aiming to automate bill tracking and settlement to reduce consumer friction. This new tool addresses concerns about incorrect charges and missed due dates by fetching bills, spotting anomalies, and managing payments within user-defined limits. ...Less

Indian markets saw a strong rebound on Monday. The Nifty index surpassed 24,000 and is expected to move h ...More

Indian markets saw a strong rebound on Monday. The Nifty index surpassed 24,000 and is expected to move higher. Premier Energies saw a large promoter stake sale. Suzlon Energy reported its Q4 results. ONGC is expanding its partnership with BP. IRFC entered metro rail financing. Paytm is investing in its European entity. Hindalco anticipates rising raw material costs. ...Less

Pine Labs share price: Fintech major Pine Labs debuted on the stock exchange with a 9.5% premium, listing ...More

Pine Labs share price: Fintech major Pine Labs debuted on the stock exchange with a 9.5% premium, listing at Rs 242. The Rs 3,900-crore IPO saw strong institutional demand, with QIBs subscribing 3.97 times. The company, a recognized merchant commerce platform, turned profitable in Q1 FY26, with IPO proceeds earmarked for debt repayment, technology investments, and expansion. ...Less

Merchant payments firm Pine Labs has secured Rs 1,753 crore from investors in its anchor placement round. ...More

Merchant payments firm Pine Labs has secured Rs 1,753 crore from investors in its anchor placement round. This funding is part of its larger IPO plan to raise Rs 3,900 crore. The company is targeting a post-money valuation of $2.9 billion. Pine Labs reported profits in the June quarter of FY26. ...Less

Indian markets closed with small gains amidst a volatile week. Investors will watch global economic news ...More

Indian markets closed with small gains amidst a volatile week. Investors will watch global economic news and policy comments. The RBI's dividend transfer will impact liquidity and government spending. Suzlon Energy, Wipro, Hindalco, ICICI Bank, and Eicher Motors are in focus. Companies like Suzlon Energy, RVNL, and Pine Labs will announce quarterly results. ...Less

Digital payments firm Pine Labs has announced its Rs 3,900 crore IPO, with shares priced between Rs 210 a ...More

Digital payments firm Pine Labs has announced its Rs 3,900 crore IPO, with shares priced between Rs 210 and Rs 221. The issue opens November 7, featuring a fresh issue and an offer for sale by major investors. Employee reservations and a discount are included. The valuation appears high compared to industry peers. ...Less

Pine Labs, whose main backer is venture capital firm Peak XV, offers full stack payment solutions includi ...More

Pine Labs, whose main backer is venture capital firm Peak XV, offers full stack payment solutions including point-of-sale machines to merchants for card payments and competes with Paytm and Walmart's PhonePe. ...Less

Pine Labs' Rs 3,900 crore IPO is open for subscription until November 11, with a price band of Rs 210-221 ...More

Pine Labs' Rs 3,900 crore IPO is open for subscription until November 11, with a price band of Rs 210-221 per share. The company, a leading merchant commerce platform, reported a strong financial turnaround in FY25, with revenue up 28% and improved EBITDA margins. Analysts recommend subscribing for long-term investment, citing its growth potential in the digital payments market. ...Less

Pine Labs plans to raise up to $700 million via IPO in October, scaling down from $1 billion earlier. Bac ...More

Pine Labs plans to raise up to $700 million via IPO in October, scaling down from $1 billion earlier. Backed by Mastercard and PayPal, the fintech firm eyes India’s digitization-driven boom despite reporting losses in FY24. ...Less

Five Nifty500 stocks, including Pine Labs, Coal India and Suzlon Energy, closed over 2% above their VWAP ...More

Five Nifty500 stocks, including Pine Labs, Coal India and Suzlon Energy, closed over 2% above their VWAP on May 27, signalling bullish momentum and improving market sentiment, according to technical scan data. ...Less

In the course of his professional journey spanning over 25 years, Naharas has held leadership positions a ...More

In the course of his professional journey spanning over 25 years, Naharas has held leadership positions across organisations including Reliance Retail, WalMart, Pepsi, PineLabs, and ShopClues. In his new role At ProcMart, Naharas will be responsible for developing business in India and overseas, building teams, and enhancing relationships with business leaders. ...Less

Pine Labs says this is the “first close” of an ongoing funding round, wherein it’s seen raising a further ...More

Pine Labs says this is the “first close” of an ongoing funding round, wherein it’s seen raising a further $100 million. Pine Labs’ valuation is pegged at over $3 billion, but the company did not disclose details. ...Less

According to people aware of its plans, Pine Labs is now looking to list in the US before the end of the ...More

According to people aware of its plans, Pine Labs is now looking to list in the US before the end of the first half of next year. ...Less

The first tranche of $75 million from Alpha Wave has already been disbursed, regulatory filings by the co ...More

The first tranche of $75 million from Alpha Wave has already been disbursed, regulatory filings by the company in Singapore show. The news of Pine Labs raising the first tranche was first reported by Dealstreet Asia. ...Less

Pine Labs serves over 150,000 merchants in India, the Middle East and Southeast Asia. The company has exp ...More

Pine Labs serves over 150,000 merchants in India, the Middle East and Southeast Asia. The company has expanded both organically and via acquisitions including consumer fintech platform Fave last year. ...Less

Pine Labs CEO Amrish Rau discussed the company’s IPO, growth, and future plans with ET. He highlighted co ...More

Pine Labs CEO Amrish Rau discussed the company’s IPO, growth, and future plans with ET. He highlighted consistent revenue growth, a tech-focused business model beyond traditional payments, and strategic global expansion. The IPO is priced to attract the community of merchants and partners, with funds earmarked for technology, acquisitions, and international markets. ...Less

Pine Labs has achieved its first quarterly net profit of Rs 4.8 crore in the June quarter of FY26, fueled ...More

Pine Labs has achieved its first quarterly net profit of Rs 4.8 crore in the June quarter of FY26, fueled by robust operating revenue growth. The company's revenue for FY25 surged 28.5% to Rs 2,274 crore. With plans for an upcoming IPO, Pine Labs is targeting a valuation of $4-5 billion, processing billions in transactions. ...Less

Pine Labs, a merchant payments company, has appointed Sameer Kamath as CFO, succeeding Marc Mathenz. Kama ...More

Pine Labs, a merchant payments company, has appointed Sameer Kamath as CFO, succeeding Marc Mathenz. Kamath, with over 20 years’ experience including roles at Avendus Capital and Motilal Oswal, will oversee global finance strategy, accounting, investor relations, among others.. Pine Labs, backed by major investors, is preparing for its IPO and is aiming for a $4.5–5 billion valuation. ...Less

Pine Labs swung to a consolidated profit of Rs 42 crore in Q3FY26 after a loss last year, driven by 24% r ...More

Pine Labs swung to a consolidated profit of Rs 42 crore in Q3FY26 after a loss last year, driven by 24% revenue growth and strong platform volumes. EBITDA rose 59% YoY, while GTV hit Rs 4.5 lakh crore. Transaction growth stayed robust, though operating cash flow remained negative due to festive-driven working capital needs. ...Less

Pine Labs delivered a strong market debut, listing at a 9.5% premium and rallying further to give IPO inv ...More

Pine Labs delivered a strong market debut, listing at a 9.5% premium and rallying further to give IPO investors gains of nearly 30% from the IPO price. Brokerages remain positive on the company’s long-term prospects but advise allotted investors to hold. ...Less

Six stocks from the Nifty500 universe closed over 2% above their VWAP on May 25, indicating strong intrad ...More

Six stocks from the Nifty500 universe closed over 2% above their VWAP on May 25, indicating strong intraday buying activity and improving market sentiment. A close above VWAP reflects price strength during the session and is considered a short-term bullish signal, suggesting sustained accumulation and potential continuation of upward momentum. ...Less

Pine Labs Q2 Results: Payment solutions company Pine Labs swung back to black in the September-ended quar ...More

Pine Labs Q2 Results: Payment solutions company Pine Labs swung back to black in the September-ended quarter, reporting a consolidated net profit of Rs 6 crore versus a loss of Rs 32 crore in the year-ago period. ...Less

Pine Labs, which is likely to list on the US exchanges in mid 2022, may look to seek a valuation of $6-7 ...More

Pine Labs, which is likely to list on the US exchanges in mid 2022, may look to seek a valuation of $6-7 billion from its $500-million IPO. ...Less

Global payment giants PayPal and Mastercard have reaped significant returns from their investments in Ind ...More

Global payment giants PayPal and Mastercard have reaped significant returns from their investments in Indian digital payments firm Pine Labs. Both companies, which invested in Pine Labs' private rounds, are now sitting on substantial paper gains, with PayPal seeing nearly seven times its initial investment and Mastercard doubling its value. ...Less

Pine Labs has filed its IPO papers with Sebi to raise Rs 2,600 crore. This and more in today’s ETtech Top ...More

Pine Labs has filed its IPO papers with Sebi to raise Rs 2,600 crore. This and more in today’s ETtech Top 5. ...Less

Pine Labs shares: Pine Labs returned to profit in Q2FY26 with ₹6 crore in net earnings — its strongest pe ...More

Pine Labs shares: Pine Labs returned to profit in Q2FY26 with ₹6 crore in net earnings — its strongest performance yet and a turnaround from last year’s loss — alongside a 25% sequential growth in profit after tax. ...Less

Domestic markets ended lower on Monday. LIC and Campus Activewear gained on strong triggers, while Pine L ...More

Domestic markets ended lower on Monday. LIC and Campus Activewear gained on strong triggers, while Pine Labs and RVNL declined after quarterly earnings. ...Less

Pine Labs majorly deploys point of sales terminals at retail merchant outlets and recently started its on ...More

Pine Labs majorly deploys point of sales terminals at retail merchant outlets and recently started its online ecommerce payments business too through its payment gateway solutions Plural. ...Less

Pine Labs’ Rs 3,900 crore IPO opens on November 7 with steady investor interest, a 7% GMP, and optimism a ...More

Pine Labs’ Rs 3,900 crore IPO opens on November 7 with steady investor interest, a 7% GMP, and optimism around its fintech growth and profitability turnaround. ...Less

Digital payments major Pine Labs has acquired ecommerce enabler Shopflo Technologies for Rs 88 crore, aim ...More

Digital payments major Pine Labs has acquired ecommerce enabler Shopflo Technologies for Rs 88 crore, aiming to strengthen its online merchant offerings. This strategic move allows Pine Labs to expand its reach into the mid-market and small business segments, intensifying competition with rivals like Razorpay and PayU. ...Less

India's market regulator has given the green light to fintech firm Pine Labs for its initial public offer ...More

India's market regulator has given the green light to fintech firm Pine Labs for its initial public offering. The IPO, potentially valued at $1 billion, aims for a valuation of up to $6 billion. Pine Labs intends to utilize the IPO proceeds for overseas investments, technology development, and debt reduction, as it competes with major players like Paytm and PhonePe. ...Less

A slow and unstable internet, lack of infra in rural India to accept card and a mindset that needs a rebo ...More

A slow and unstable internet, lack of infra in rural India to accept card and a mindset that needs a reboot may make the transition challenging. ...Less

For Amrish Rau-led Pine Labs, Qfix is the latest in a string of acquisitions ahead of its initial public ...More

For Amrish Rau-led Pine Labs, Qfix is the latest in a string of acquisitions ahead of its initial public offering (IPO) in the US. The fintech startup aims to raise $500 million at a valuation of $6-7 billion later this year. ...Less

A large chunk of an Esop pool is typically cornered by the key managerial personnel in a company. Amrish ...More

A large chunk of an Esop pool is typically cornered by the key managerial personnel in a company. Amrish Rau, chief executive officer, Pine Labs, had been granted 23 million stock options as of June 2025. ...Less

UBS noted that Pine Labs has lower employee costs and better Ebit margins than the competition, and the s ...More

UBS noted that Pine Labs has lower employee costs and better Ebit margins than the competition, and the stock is currently underpriced, which indicates a potential upside. ...Less

Pine Labs plans to invest in scaling its new product Plural, a payments gateway. The fintech startup is l ...More

Pine Labs plans to invest in scaling its new product Plural, a payments gateway. The fintech startup is looking to list in the United States in the first half of 2022. ...Less

While Peak XV is the largest shareholder in Pine Labs with a stake of approximately 17%, the others each ...More

While Peak XV is the largest shareholder in Pine Labs with a stake of approximately 17%, the others each continue to hold anywhere between 4-5%, valued at a few thousand crores each. Pine Labs went public with a capitalisation of Rs 28,000 crore. ...Less

The new funding comes just months after it raised $600 million in two tranches from a host of global and ...More

The new funding comes just months after it raised $600 million in two tranches from a host of global and domestic investors, which valued the firm at $3.5 billion. ...Less

Fintech startup Pine Labs has raised $315 million from Fidelity and BlackRock, among others, to close its ...More

Fintech startup Pine Labs has raised $315 million from Fidelity and BlackRock, among others, to close its latest funding round at $600 million. The company is eyeing a US IPO in the next 18 months, CEO Amrish Rau says. ...Less

According to two people in the know, the venture capital firm had invested around $35 million in total in ...More

According to two people in the know, the venture capital firm had invested around $35 million in total into Pine Labs and liquidated around $550 million through stake sales over multiple funding rounds. At a pre-IPO level, Peak XV held 20.25% in the company, with its stake valued around $570 million. ...Less

With the investment by Pine Labs, Mosambee is now valued at upwards of $100 million. ...More

With the investment by Pine Labs, Mosambee is now valued at upwards of $100 million. ...Less

Noida-based Pine Labs has filed its DRHP with Sebi to raise Rs 2,600 crore, aiming for a $4-5 billion val ...More

Noida-based Pine Labs has filed its DRHP with Sebi to raise Rs 2,600 crore, aiming for a $4-5 billion valuation. The fintech firm, backed by global investors, has diversified through acquisitions and grown revenue by 44% in three years. By diversifying its business, Pine Labs created a broad range of services and multiple revenue streams for its clients. ...Less

Pine Labs’ Rs 3,900 crore IPO faces lukewarm investor demand on its final day, with just 54% subscription ...More

Pine Labs’ Rs 3,900 crore IPO faces lukewarm investor demand on its final day, with just 54% subscription and a weak grey-market premium. Despite improving financials and long-term growth prospects, analysts advise cautious optimism, citing subdued sentiment and limited short-term gains from listings. ...Less

Pine Labs' Rs 3,890 crore IPO share allotment is set for finalization today. The stock is scheduled to li ...More

Pine Labs' Rs 3,890 crore IPO share allotment is set for finalization today. The stock is scheduled to list on BSE and NSE on Friday. Grey market premium indicates a flat listing. Investors can check allotment status on the registrar's website or BSE. Allotted shares will appear in demat accounts by November 13. ...Less

Happy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms aft ...More

Happy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms after last year’s ban. This and more in today’s ETtech Morning Dispatch. ...Less

Pine Labs has become the third-most valued fintech startup in India behind Paytm and PhonePe, after this ...More

Pine Labs has become the third-most valued fintech startup in India behind Paytm and PhonePe, after this $75-100 million funding round led by Lone Pine Capital. ...Less

The acquisition will allow Pine Labs to provide corporate enterprises and brand partners with reward work ...More

The acquisition will allow Pine Labs to provide corporate enterprises and brand partners with reward workflow management capabilities for their customers, supply chain vendors and channel partners. ...Less

Pine Labs has appointed Morgan Stanley and Goldman Sachs for its US IPO where it's seeking a valuation of ...More

Pine Labs has appointed Morgan Stanley and Goldman Sachs for its US IPO where it's seeking a valuation of about $6 billion. Though the discussions are in the early stages, Pine Labs could look to raise at least $100 million. ...Less

The listing could give Pine Labs a valuation of about $5.5 billion to $7 billion, they said, asking not t ...More

The listing could give Pine Labs a valuation of about $5.5 billion to $7 billion, they said, asking not to be identified because the matter is private. ...Less

Online payments firm Pine Labs has achieved its first quarterly net profit in the June quarter of FY26. T ...More

Online payments firm Pine Labs has achieved its first quarterly net profit in the June quarter of FY26. This milestone follows strong operating revenue growth. The company is now preparing for its Initial Public Offering. Pine Labs plans to raise funds through fresh share issuance and an offer for sale. The firm is targeting a significant valuation. ...Less

There is no clarity as to how the transaction will flow, if the customer will need to swipe his card, pun ...More

There is no clarity as to how the transaction will flow, if the customer will need to swipe his card, punch the Aadhaar number or whether the biometrics will act as the second factor of authentication. ...Less

Pine Labs will work with Mastercard to deliver a range of card and real-time payments. ...More

Pine Labs will work with Mastercard to deliver a range of card and real-time payments. ...Less

In an order issued on April 9, the Chandigarh-bench of the NCLT said that Pine Labs has taken approvals f ...More

In an order issued on April 9, the Chandigarh-bench of the NCLT said that Pine Labs has taken approvals from all statutory and regulatory bodies, following which the merger of the two entities has been given a green light. ...Less

Domestic equity benchmarks ended lower on Tuesday, snapping a three-session rally amid profit booking in ...More

Domestic equity benchmarks ended lower on Tuesday, snapping a three-session rally amid profit booking in financial, realty and consumer stocks. Analysts said Nifty may remain positive above key support levels despite near-term weakness, while broader market sentiment stayed mixed with selective buying interest. ...Less