Pine Labs has developed P3P, an autonomous payment protocol built on the Unified Payments Interface (UPI) ...More

Pine Labs has developed P3P, an autonomous payment protocol built on the Unified Payments Interface (UPI), under which buyer and seller agents can transact within regulatory guardrails. ...Less

Our technical analysts identify select stocks every trading day that may gain momentum even in volatile m ...More

Our technical analysts identify select stocks every trading day that may gain momentum even in volatile markets. Here are the technical calls for today. ...Less

The 12th edition of The Economic Times Startup Awards (ETSA) is approaching. Our esteemed jury will conve ...More

The 12th edition of The Economic Times Startup Awards (ETSA) is approaching. Our esteemed jury will convene in Bengaluru next week to pick the winners. Today, we revealed the most coveted categories of ETSA: Startup of the Year and Midas Touch, for the best investor. ...Less

Here’s a look at the 10 stocks that witnessed the biggest drop in FII holding during the quarter. ...More

Here’s a look at the 10 stocks that witnessed the biggest drop in FII holding during the quarter. ...Less

Nowhere in the world have we witnessed a success story quite like UPI and the credit goes to NPCI, India’ ...More

Nowhere in the world have we witnessed a success story quite like UPI and the credit goes to NPCI, India’s most ambitious fintech ...Less

Given current market conditions, better stick with stocks that offer some comfort. It could be valuation, ...More

Given current market conditions, better stick with stocks that offer some comfort. It could be valuation, or growth purely dependent on domestic factors. But in all cases, the management should have a track record of dealing with different cycles of the economy and being on the conservative side in the past, rather than being aggressive. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. ...Less

The Economic Times AI Business Transformation Masterclass & ET Most Innovative AI Product Awards 2026 bri ...More

The Economic Times AI Business Transformation Masterclass & ET Most Innovative AI Product Awards 2026 brings together leaders from NVIDIA, PepsiCo, IndusInd Bank, PhonePe, Pine Labs, Gnani AI, Perceptyne Robots and Shadowfax to examine how AI is being deployed across enterprise infrastructure, financial services, commerce, supply chains, voice and robotics. ...Less

In August, Axis Direct introduces 44 stock recommendations, advocating a buy-on-dips approach. The bankin ...More

In August, Axis Direct introduces 44 stock recommendations, advocating a buy-on-dips approach. The banking, capital goods, and realty sectors exhibit promising technical patterns for investors. Additionally, consumer durables, healthcare, power, and auto sectors are projected to perform well. However, a selective caution is suggested for FMCG, metals, and oil & gas stocks as the brokerage predicts sustained momentum across various key market areas. ...Less

It is good to set expectations from the market. It helps reduce volatility-related anxiety. For now, igno ...More

It is good to set expectations from the market. It helps reduce volatility-related anxiety. For now, ignore what is happening to the Nifty and Sensex and focus on what is happening in the sector and industry you plan to or already own. Why? Because indices hide more than what they tell. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. ...Less

Around three months back, there was a trade which was taking place on the street, “sell-software-services ...More

Around three months back, there was a trade which was taking place on the street, “sell-software-services-stocks”. Today there are signs that it might be halting. What needs to be watched is whether along with this a reversal of the AI trade takes place or not in global markets. If that were to happen then there is a probability that we might see inflows coming back to emerging markets including India. Our selected stocks for today depict a strong upward trajectory in their overall average score which is based on five key pillars: Earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. ...Less

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

India's payments law may soon allow merchant discount rates on specific UPI transactions. This change cou ...More

India's payments law may soon allow merchant discount rates on specific UPI transactions. This change could create significant revenue for payment platforms like Paytm and Pine Labs. The proposed amendment focuses on person-to-merchant payments exceeding two thousand rupees. Analysts predict a substantial revenue pool for the payments ecosystem by fiscal year twenty twenty-eight. This move aims to improve profitability for UPI companies facing processing costs. ...Less

Indian stock markets opened muted this week as global worries tempered investor sentiment. Strong first-q ...More

Indian stock markets opened muted this week as global worries tempered investor sentiment. Strong first-quarter earnings provided some support, offsetting geopolitical tensions. Analysts noted softer US jobs data, shifting focus to inflation readings for rate direction. ...Less

India's fintechs are looking beyond their core businesses as growth normalises and investors seek more pr ...More

India's fintechs are looking beyond their core businesses as growth normalises and investors seek more predictable revenue. Groww, Paytm, Pine Labs and Kissht are using networks to add products and reduce exposure to low payment monetisation, market cycles and unsecured credit. ...Less

PhonePe cofounder and chief executive, Sameer Nigam, and Razorpay cofounder and chief executive, Harshil ...More

PhonePe cofounder and chief executive, Sameer Nigam, and Razorpay cofounder and chief executive, Harshil Mathur, have argued in favour of a sustainable business model that echoes the position of the Payments Council of India (PCI). The industry association has sought to separate free everyday payments from charges on select merchant transactions to ensure commercial viability of the service. ...Less

Indian markets found support from easing crude oil prices and the RBI's stable policy outlook despite ran ...More

Indian markets found support from easing crude oil prices and the RBI's stable policy outlook despite range-bound trade. Analysts said Nifty holding above 24,600 keeps bullish momentum intact, with improving earnings expectations and stock-specific buying supporting broader market resilience. ...Less

JioBlackRock Flexi Cap Fund added 15 stocks and exited 18 in July, with Bandhan Bank and Punjab National ...More

JioBlackRock Flexi Cap Fund added 15 stocks and exited 18 in July, with Bandhan Bank and Punjab National Bank among its key additions. The fund also increased exposure to 29 stocks while reducing its stake in 29 others. Its portfolio stood at 133 stocks, with an AUM of Rs 3,270 crore. ...Less

Indian equities declined as rising crude prices and a weaker rupee weighed on sentiment. Sensex fell 388 ...More

Indian equities declined as rising crude prices and a weaker rupee weighed on sentiment. Sensex fell 388 points and Nifty 112 points, while analysts flagged 24,400 as key support amid geopolitical risks and upcoming inflation data. ...Less

State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Ba ...More

State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI merchant payments may soon incur charges. UPI processes billions of transactions monthly, with rising infrastructure and cybersecurity costs. SBI reported a 13.73% rise in consolidated net profit for the June quarter. ...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

Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to enc ...More

Parliamentary amendments propose restoring merchant discount rates on UPI payments. This move aims to encourage digital transactions by allowing banks to charge fees. The Reserve Bank of India will determine these charges on person-to-merchant payments. Payment platforms could see significant revenue generation from these new charges. This development follows UPI companies' struggles to build profitable payment businesses. ...Less

SBI chairman CS Setty said banks cannot separately quantify the operating costs linked to rising UPI volu ...More

SBI chairman CS Setty said banks cannot separately quantify the operating costs linked to rising UPI volumes. As debate over merchant charges intensifies, SBI is pushing customers towards Yono for UPI payments. Industry leaders back limited MDR, with proposed charges aimed at large merchants while keeping consumer and person-to-person payments free. ...Less

India has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendme ...More

India has laid the legal groundwork to reintroduce merchant fees on UPI payments through proposed amendments to the Payment and Settlement Systems Act. While no decision has been taken, the government is considering charging MDR only on large merchants or high-value transactions, potentially creating a ₹5,000-10,000 crore revenue pool for payment firms. ...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

The ET AI Awards 2025 brought together India's AI ecosystem while demonstrating how editorial credibility ...More

The ET AI Awards 2025 brought together India's AI ecosystem while demonstrating how editorial credibility, influential audiences and strategic partnerships create lasting value for brands. ...Less

Happy Monday! As core growth cools, India's listed fintechs are diversifying fast and launching new produ ...More

Happy Monday! As core growth cools, India's listed fintechs are diversifying fast and launching new products. This and more in today’s ETtech Morning Dispatch. ...Less

ET was the first to report on July 16 that the government is considering reintroducing MDR for UPI transa ...More

ET was the first to report on July 16 that the government is considering reintroducing MDR for UPI transactions undertaken by large merchants. Sources had told ET that the Centre could set the fee at 5-7 basis points if it is reintroduced. MDR is the fee charged to merchants by banks for accepting digital payments through UPI, debit cards or credit cards. UPI transactions have been exempt from MDR since January 2020 after the government made them free to encourage digital payments. ...Less

Indian equities rallied sharply as easing oil prices following renewed US-Iran talks boosted sentiment. S ...More

Indian equities rallied sharply as easing oil prices following renewed US-Iran talks boosted sentiment. Sensex gained 544 points and Nifty surged 1.6%, adding nearly Rs 5 lakh crore in market value, while FII inflows, a stronger rupee and upbeat earnings supported optimism. ...Less

Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discou ...More

Government proposes changes to the Payment and Settlement Systems Act. This could allow a Merchant Discount Rate on select UPI transactions. Payments above Rs 2,000 to large merchants are a possible focus. This aims to support the payment ecosystem's continued investment and growth. Everyday UPI payments and person-to-person transactions will likely remain free. ...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

ET was the first to report on July 16 that the government could reintroduce MDR on UPI transactions for l ...More

ET was the first to report on July 16 that the government could reintroduce MDR on UPI transactions for large merchants. This has been an issue plaguing the online payments industry. Sources had told us that the Centre is likely to peg the MDR at 5-7 basis points if it is reintroduced. ...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

Indian markets ended lower as weekly expiry and volatility from the new Closing Auction Session unsettled ...More

Indian markets ended lower as weekly expiry and volatility from the new Closing Auction Session unsettled traders. Analysts cited forced retail square-offs, while investors tracked RBI policy, Strait of Hormuz developments and key technical support levels amid mixed broader market performance. ...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

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

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

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

...More

...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

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

...More

...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