Pine Labs Raises Fresh Funding From Lone Pine At Over $2 Bn Valuation
India, Dec. 21 -- Fintech unicorn Pine Labs has announced raising a fresh round of funding from Lone Pine Capital at a valuation of over $2 Bn. While the company did not disclose the funding amount, CEO B Amrish Rau, announced on Twitter than Lone Pine will join marquee investors such as Sequoia, Temasek, Mastercard and others.
"Small businesses and consumers are fast adopting to digital commerce and contactless checkout. We are also seeing tremendous uptake in Pay Later services and have now enabled nearly 150,000 outlets for this. It's time to invest heavily in offline and online commerce across India and SEA," Rau said in a press statement.
Founded in 1998 by Lokvir Kapoor, Pine Labs enables online and offline retail transactions. It...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.