Pine Labs

Once the poster child of India’s digital payments boom, Pine Labs’ valuation cut maybe indicative of an inflection point for the sector from expansion to a search for steady, profitable growth

Pine Labs IPO: Should investors bet on it?

The company is a high-quality play on India’s accelerating digital-commerce infrastructure story

Merchant commerce platform Pine Labs raises Rs 1,754 crore via anchor book, Rs 3,900-crore IPO to open on November 7

Pine Labs IPO: The Rs 3,900-crore initial share sale is the combination of fresh issue of Rs 2,080 crore and an offer-for-sale of 8.23 crore shares worth Rs 1,820 crore by existing shareholders.

Upcoming IPOs: PhysicsWallah, Pine Labs, Emmvee Photovoltaic IPO GMPs rise ahead of share sale

The premiums on these IPOs have increased in the range of Rs 5–20 per share, reflecting strong investor demand for the companies’ stock ahead of listing.

Fintech firm Pine Labs to launch IPO on November 7; aims to raise Rs 2,080 crore via fresh issue

The company will use funds for investment in its subsidiaries such as Qwikcilver Singapore, Pine Payment Solutions, Malaysia, and Pine Labs UAE for expanding the presence outside the country

The world is finally taking us seriously: Pine Labs CEO says India fintech ready for global export

Pine Labs CEO said that while India may not yet be taken seriously in emerging technologies like artificial intelligence, the country’s fintech story is commanding attention.

Big-ticket tech IPOs worth $4.5 billion to light up Dalal Street soon after Diwali

The list of technology companies planning to tap the IPO markets includes companies such as Groww, Lenskart, Meesho, Pine Labs, Fractal Analytics and PhysicsWallah.

PayPal-backed Pine Labs plans up to $700 million IPO in October

The company filed a draft prospectus with India’s market regulator on June 25 and got its approval this month.

Fintech player Pine Labs kicks off international roadshows, targets IPO launch after Diwali

The fintech player is contemplating a post-Diwali window to launch the IPO, targetting late October or early November for the offer, sources said, contingent to regulator Sebi’s approval and prevailing market conditions.

Pine Labs inches into profit in 9M FY25 ahead of IPO, steadies base for global push

The key reason for the shift to profitability was the absence of ESOP-related expenses that dragged down FY24 earnings. That year, Pine Labs had booked a loss of Rs 187 crore, significantly impacted by Rs 234 crore in share-based payment expenses.

Pine Labs reports Rs 310 crore GST exposure in DRHP, appeals pending

The fintech unicorn is contesting multiple tax demands, including a Rs 214 crore GST order and a separate GST audit claim, even as ED scrutiny and older service tax disputes remain unresolved.

Peak XV to offload the biggest chunk in Pine Labs IPO; PayPal, Temasek also trimming stakes

While the OFS is primarily led by institutional investors, Pine Labs’ CEO Amrish Rau and Executive Chairman Lokvir Kapoor are also monetising a small portion of their holdings.

Pine Labs files IPO papers with SEBI to raise Rs 2,600 crore primary capital

As per the DRHP, the proceeds from the fresh issue will be used to repay debt and invest in subsidiaries such as Qwikcilver Singapore, Pine Payment Solutions Malaysia, and Pine Labs UAE.

Pine Labs Group CFO Marc Mathenz quits ahead of planned $1 billion IPO

Mathenz has quit citing personal reasons, sources told Moneycontrol. Pine Labs is yet to pick a successor and name a new CFO.

Pine Labs to file draft documents for IPO by mid-February

With the process of reverse flipping completed, Pine Labs plans to go public by August. The IPO may be a mix a fresh issue and offer for sale

Pine Labs-owned Setu names former Razorpay executive Vijeth Pandit chief product officer

Pandit's appointment comes 10 months after the firm appointed former SAP India executive Raisinghani as its CEO

Pine Labs picks bankers for $1-bn IPO, gears up to go public in first half of FY26

A secondaries transaction, where existing backers will sell shares in the company and make way for new investors, to the tune of around $100 million is also being planned in a pre-IPO round

Pine Labs' India business revenue rises 2.8% to Rs 1,317 crore in FY24, but losses surge threefold

At the group level, which includes its international businesses and subsidiaries, Pine Labs saw consolidated revenue rise by 9.8 percent to Rs 1,743 crore in FY24, with majority business coming from India entity.

Pine Labs CEO Amrish Rau: India's digital payment infrastructure a 'Gift,' but regulatory challenges' loom

Rau praised the National Payments Corporation of India (NPCI) and other government initiatives for creating a robust digital payments ecosystem, but expressed concerns about whether this support will be sufficient as the sector grows

MC Exclusive: Pine Labs wins initial NCLT approval for merging Indian and Singapore entities, move base to India

This is a critical step for the Singapore-headquartered payments firm for shifting domicile back to India. The 'first motion' plea, which was listed first on March 1, 2024, faced several adjournments before being approved on August 12, 2024.

Pine Labs-owned Setu launches UPI-focused payments platform

The platform supports a wide range of UPI products, from basic QR code payments to other collection modes like UPI Autopay, EMI, and Third-Party Validation or TPV service.

Invesco reduces valuations of IPO-bound Swiggy, Pine Labs

Invesco has pegged Swiggy’s valuation at $12.3 billion, down from its previous assessment of $12.7 billion. While Pine Labs was worth $3.5 billion, lower than $3.8 billion from a quarter ago, the US investor has said

Fintech firm Pine Labs weighs $1-bn IPO, may seek $6-bn valuation: Report

Pine Labs may issue both new and secondary shares, they said. It could also opt to do a pre-IPO fundraising round ahead of any listing, two of the people said.

Pine Labs gets Singapore court's nod to shift base to India

In a May 9, a Singapore Court approved the firm request to merge its local entity with its Indian company, Pine Labs Private Limited, and transfer all its assets and properties

Pine Labs-owned Setu unveils LLM for banking and insurance services

Sesame leverages the data ecosystem to power features such as improved credit underwriting, fraud detection, loan monitoring, upsell/cross-sell and personal finance advisory.