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

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

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

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

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

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

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

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

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

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

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

Domestic equity benchmarks ended marginally lower for a second consecutive session as weakness in financi ...More

Domestic equity benchmarks ended marginally lower for a second consecutive session as weakness in financial, IT and energy shares offset gains in auto stocks. Analysts expect Nifty to remain range-bound with immediate support near 23,800 and resistance around the 24,000-24,100 zone. ...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

Foreign portfolio investors offloaded Indian equities worth a net Rs 20,637 crore on Friday, marking one ...More

Foreign portfolio investors offloaded Indian equities worth a net Rs 20,637 crore on Friday, marking one of the sharpest single-day selloffs. This significant outflow coincided with the MSCI index rebalancing, leading to heightened trading volumes and prompting questions about the role of high-frequency trading in amplifying market movements. ...Less

Foreign institutional investors are shifting their focus from India's top blue-chip stocks to a wider arr ...More

Foreign institutional investors are shifting their focus from India's top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is driven by growth opportunities in sectors like capital goods, manufacturing, and new-age tech, despite an overall decline in FPI holdings in India. ...Less

Smallcap and midcap stocks came under pressure on Wednesday as broader markets weakened amid a record low ...More

Smallcap and midcap stocks came under pressure on Wednesday as broader markets weakened amid a record low rupee, elevated bond yields, and cautious investor sentiment. Several stocks across sectors declined sharply after earnings and valuation concerns, while rising inflationary pressures fuelled worries over possible earnings downgrades for Q1FY27. ...Less

Global index provider MSCI has announced significant changes to its indices. Federal Bank, Indian Bank, M ...More

Global index provider MSCI has announced significant changes to its indices. Federal Bank, Indian Bank, Multi Commodity Exchange of India, and National Aluminium Company are set to join the Global Standard Index. This move is anticipated to bring substantial investment into these stocks. Adani Energy Solutions will not be added due to surveillance measures. ...Less

Happy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imp ...More

Happy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETtech Morning Dispatch. ...Less

MSCI's rejig will see 14 Indian smallcap stocks added to its smallcap index, potentially attracting $135 ...More

MSCI's rejig will see 14 Indian smallcap stocks added to its smallcap index, potentially attracting $135 million in inflows. While Jubilant Foodworks and Kalyan Jewellers face net outflows due to their exclusion from the broader MSCI Standard index, other stocks like Escorts Kubota and IREDA are poised for significant inflows. ...Less

Online payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the v ...More

Online payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the vertical. Following its Ezetap acquisition, the company is now focusing on merchants needing both online and offline payment solutions, rather than aggressive field team expansion. This strategic shift aligns with Razorpay's IPO preparations and a focus on a more profitable core business. ...Less

MSCI’s May 2026 index rejig kept India’s overall representation in the MSCI Standard Index unchanged at 1 ...More

MSCI’s May 2026 index rejig kept India’s overall representation in the MSCI Standard Index unchanged at 165 stocks, even as four companies, including MCX and Indian Bank, were added and four others, such as Rail Vikas Nigam Limited and Kalyan Jewellers, were removed. The changes will take effect after market close on May 29. MSCI also carried out a major clean-up in the Small Cap index, where more than a dozen Indian stocks are set to exit. ...Less

Domestic equity benchmarks ended marginally higher after four sessions of losses, supported by gains in m ...More

Domestic equity benchmarks ended marginally higher after four sessions of losses, supported by gains in metal, energy and consumer stocks. Analysts cautioned that bearish technical indicators and resistance near key levels could keep markets volatile, while broader sentiment remained tilted toward selective selling pressure. ...Less

IPO investors are bracing for a significant wave of lock-in expiries between May and August, with shares ...More

IPO investors are bracing for a significant wave of lock-in expiries between May and August, with shares of 83 newly-listed companies valued at $55 billion becoming eligible for trade. This period will see major companies like Lenskart, Groww, and Pine Labs experience their lock-in periods ending, potentially impacting market dynamics. ...Less

Peak XV Partners, India's largest VC firm, has appointed Shelly Singh as an operating partner in its San ...More

Peak XV Partners, India's largest VC firm, has appointed Shelly Singh as an operating partner in its San Francisco office. This move strengthens the firm's focus on US deals, particularly in artificial intelligence. Singh will assist portfolio companies with growth strategies and operational outcomes. ...Less

India's digital payments sector faces a critical shortage of new point-of-sale (PoS) terminals due to dis ...More

India's digital payments sector faces a critical shortage of new point-of-sale (PoS) terminals due to disruptions in imports from China and West Asia crisis. This has led to a 15-20% price increase for devices, forcing companies to extend terminal lifecycles and manage existing assets more effectively. ...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

Young Indian investors are attracting VC attention as Gen Z-focused wealthtech firms like Trackk and Zomi ...More

Young Indian investors are attracting VC attention as Gen Z-focused wealthtech firms like Trackk and Zomint are in advanced talks to raise significant capital. This trend is fuelled by the success of platforms like Groww, inspiring further investment in early-stage fintech startups aiming to democratise wealth management. ...Less

Mutual funds increased their stakes in new-age companies during the March quarter, despite falling share ...More

Mutual funds increased their stakes in new-age companies during the March quarter, despite falling share prices and overall portfolio value declines. This move by domestic institutional investors comes as foreign investors divest Indian equities, with funds showing confidence in listed peers' long-term business models and execution. ...Less

The fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability a ...More

The fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walmart-backed PhonePe paused its $1.3 billion IPO last month, citing West Asia conflict. ...Less

Haitong has initiated a coverage on One 97 Communication (Paytm) with an ‘Outperform’ rating for a target ...More

Haitong has initiated a coverage on One 97 Communication (Paytm) with an ‘Outperform’ rating for a target of Rs 1,410, implying an upside of 26%. The Hong Kong-based brokerage is betting on Paytm's leadership position in retail digital payments in India which is only growing. ...Less

Kabeer Biswas, Dunzo cofounder, has launched a new AI concierge startup named M. The company secured Rs 1 ...More

Kabeer Biswas, Dunzo cofounder, has launched a new AI concierge startup named M. The company secured Rs 102 crore in funding from Peak XV Partners, Blume Ventures, and Cred. M aims to automate household tasks using artificial intelligence. This venture follows Biswas's exit from Flipkart. ...Less

One97 Communications, Razorpay Software and Pine Labs are among the Indian companies that have pushed the ...More

One97 Communications, Razorpay Software and Pine Labs are among the Indian companies that have pushed the San Francisco-based AI developer to let them test Mythos and detect vulnerabilities on their own systems. Their requests came after Anthropic announced a limited roll-out of its latest large-language model, which it considers too dangerous to release more widely. ...Less

Pine Labs stock has fallen 29% below its IPO price. Despite a profitable quarter, the stock's decline con ...More

Pine Labs stock has fallen 29% below its IPO price. Despite a profitable quarter, the stock's decline continues. Analysts advise caution, citing weak market sentiment and elevated valuations. Investors are recommended to monitor the company's performance before investing. The stock's chart shows a downtrend, with potential for further dips. Long-term investors may hold, but fresh buying is discouraged for now. ...Less

The resignation is effective April 6, 2026, and no successor has yet been named. In his resignation lette ...More

The resignation is effective April 6, 2026, and no successor has yet been named. In his resignation letter, Chandani said he is leaving to ‘pursue career opportunities outside the company.' The company has, however, not yet named a successor. ...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

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

The move follows a statutory inspection of the fintech’s operations conducted between July 2024 and May 2 ...More

The move follows a statutory inspection of the fintech’s operations conducted between July 2024 and May 2025. The RBI clarified that the action is due to regulatory compliance lapses and does not affect the validity of any transactions or agreements between Pine Labs and its customers. ...Less

Six Nifty500 stocks surged over 10% as RSI crossed above 50, signaling strengthening momentum. Rising RSI ...More

Six Nifty500 stocks surged over 10% as RSI crossed above 50, signaling strengthening momentum. Rising RSI trends indicate potential buying opportunities, highlighting stocks gaining traction amid improving technical indicators. ...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

PhonePe IPO delayed: PhonePe has postponed its $1.3 billion IPO due to volatile markets, valuation concer ...More

PhonePe IPO delayed: PhonePe has postponed its $1.3 billion IPO due to volatile markets, valuation concerns and geopolitical tensions. The Walmart-owned firm, valued at nearly $15 billion, saw investor interest closer to $7 billion. Competition with Paytm and regulatory headwinds also affected its profitability outlook and listing timing. ...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

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

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

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 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

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

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

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

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 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, 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

Despite recent stock dips, Jefferies maintains a positive outlook on Paytm and Pine Labs, citing strong g ...More

Despite recent stock dips, Jefferies maintains a positive outlook on Paytm and Pine Labs, citing strong growth forecasts and attractive valuations. Both companies are targeting over 20% revenue growth and margin expansion, driven by network expansion and new initiatives. Jefferies reiterates 'Buy' ratings, though target prices are adjusted. ...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

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, 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

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 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 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

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

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

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

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

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

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

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, which listed on the exchanges in November last year, currently commands a market capitalisatio ...More

Pine Labs, which listed on the exchanges in November last year, currently commands a market capitalisation of about $2.4 billion on the BSE. The company debuted at a valuation of around $2.9 billion, nearly half its last private market valuation of $5 billion. ...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 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

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 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' 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

With this integration, Pine Labs becomes OpenAI’s first payments partner for ChatGPT in India, allowing m ...More

With this integration, Pine Labs becomes OpenAI’s first payments partner for ChatGPT in India, allowing merchants on its network to process transactions initiated through AI-led interfaces. ...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

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

The Temasek ⁠and Peak XV-backed company aims to launch in countries that have a "stablecoin-friendly stan ...More

The Temasek ⁠and Peak XV-backed company aims to launch in countries that have a "stablecoin-friendly stance", Amrish Rau said in an interview on Friday, without specifying which countries they would launch in. ...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

Post the acquisition, Setu will work independently and retain its brand entity and continue to serve its ...More

Post the acquisition, Setu will work independently and retain its brand entity and continue to serve its existing merchants and Pine Labs will enter into embedded finance, and gain access to Setu’s API infrastructure stack to extend newer services for its online merchant partners. ...Less

Pine Labs, which provides digital payments and commerce solutions to merchants, has started working towar ...More

Pine Labs, which provides digital payments and commerce solutions to merchants, has started working towards an IPO by March 2022 in the US, sources aware of the matter said. ...Less

The initial share sale will consist of a fresh issue of Rs 2,600 crore and an OFS of up to 147.8 million ...More

The initial share sale will consist of a fresh issue of Rs 2,600 crore and an OFS of up to 147.8 million shares. The funds raised will be used to repay in full or partially certain funds it had borrowed, invest around Rs 60 crore in international expansion, and for technology and acquisition purposes. ...Less

Amrish Rau says investors want market storm to clear up before going for an IPO; eyes sales outpost in US ...More

Amrish Rau says investors want market storm to clear up before going for an IPO; eyes sales outpost in US, EU. ...Less

This initiative, a unique bid to give back to the sports community, provides an opportunity for retired a ...More

This initiative, a unique bid to give back to the sports community, provides an opportunity for retired and currently unemployed athletes to undergo skills training, followed by a job opportunity in Pine Labs. ...Less

Pine Labs, which was last valued at $2 billion in December 2020, has begun early-stage discussions with a ...More

Pine Labs, which was last valued at $2 billion in December 2020, has begun early-stage discussions with at least four merchant bankers to work on its IPO. ...Less