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With $600-Million Fundraise, Pine Labs Steps Up Focus On Merchant Payments
23 years after it was founded, Pine Labs has reached a $3 billion valuation. What is next for the firm?
09 Jul 2021, 08:09 AM IST
Pine Labs, backed by marquee investors from Sequoia India to Temasek and Mastercard, will step up focus on its merchant payments business after completing a $600 million fundraise this year.The latest fundraise valued the company at $3 billion.Founded by Lokvir Kapoor, Rajul Garg and Tarun Upadyay in 1998, well before the fintech wave took over India, Pine Labs started out with processing card payments for fuel retailers. Its journey...
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