While Pine Labs does not have a high cash burn, the additional capital raised will help it expand in the lending space.

Additionally, a number of high-profile angel investors are also expected to pump money into the company.

The startup counts venture capital firms Nexus Venture Partners and Jungle Ventures among its list of institutional investors.

The company, a subsidiary of Netherlands-based PayU, is undergoing a major leadership transition.

The transition comes at a time when firm’s rivals are closing the gap.

Jitendra Gupta, another managing director who was heading the lending business of PayU India – LazyPay — also announced his departure last ...

Terming FY19 as “transformational”, the company said almost all its revenue came from online activities.

Naspers is the largest shareholder has around $9 billion in cash after trimming its stake last year and selling Indian e-commerce startup F...

Naspers-owned firm intends to own entire payment process through this acquisition; deal pegged at $60 m

Fintech major looks to double its loan book to about $2 billion.

Fintech major looking for 25-30% in Capital Float in a deal that could value the latter at about $500 millon

PayU India’s CEO Amrish Rau is transitioning into a broader role as the head of financial technology partnerships and investments for Naspe...

Naspers’ payments business, which gets majority of its revenues from India, valued at $5.2 billion, as per a Citi report.

Naspers will continue to bet on India, a market that has emerged as one of the most lucrative landscapes for the global strategic investor,...

Naspers recorded a $2.2 billion exit from Flipkart, India’s largest domestic online retailer, post the latter’s acquisition by Walmart earl...

The stake Naspers bought for just $32 million in 2001, when Tencent was an obscure Web firm in a nation where few people used the Internet,...

Naspers has become one of the world’s largest investors in e-commerce ventures as it tries to build on the success of its early stage inves...