About Pine Labs
Pine Labs is a company based in Noida (India) founded in 1998 by Lokvir Kapoor.. Pine Labs has raised $1.32 billion across 14 funding rounds from investors including Fidelity Investments, Mastercard and PayPal. Pine Labs has completed 7 acquisitions, including EduQfix, Fave and FaveBiz. Pine Labs offers products and services including PoS Machine, Payment Gateway, Pay Later, and EMI Calculator. Pine Labs operates in a competitive market with competitors including Stripe, Razorpay, Flutterwave, PayU and Xendit, among others.
- Headquarter Noida, India
- Founders Lokvir Kapoor
- Stage Public
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Pine Labs Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.32 B (USD)
in 14 rounds
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Latest Funding Round
$2.2 M (USD), Unspecified
Jul 01, 2022
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Investors
Fidelity Investments
& 32 more
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Employee Count
Employee Count
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Investments & Acquisitions
EduQfix
& 6 more
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IPO & Listings of Pine Labs
Pine Labs is a publicly listed company on the NSE with ticker symbol PINELABS in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Pine Labs
Pine Labs offers a comprehensive portfolio of products and services, including PoS Machine, Payment Gateway, Pay Later, and EMI Calculator. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Device for accepting in-store payments quickly
Platform for faster and simpler online transactions
Option for deferred payments on purchases
Tool to compute installment plans for customers
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Sales and Marketing
54 people
Leadership Team
50 people
Product Management Team
44 people
Software Development Team
39 people
Human Resources and Administration
20 people
Finance and Accounting
15 people
Senior Team
13 people
Operations Team
11 people
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Funding Insights of Pine Labs
Pine Labs has successfully raised a total of $1.32B across 14 strategic funding rounds. The most recent funding activity was a Unspecified round of $2.2 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 14
- Last Round Unspecified — $2.2M
- First Round First Round
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Unspecified - Pine Labs | Valuation | Founders Global | |
| Mar, 2022 | Amount | Unspecified - Pine Labs | Valuation | Vitruvian Partners , Nordmann | |
| Jan, 2022 | Amount | Unspecified - Pine Labs | Valuation | Alpha Wave Global |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pine Labs
Pine Labs has secured backing from 33 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Fidelity Investments, Mastercard and PayPal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Growth equity investments are directed toward expanding startups across sectors.
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Founded Year | Domain | Location | |
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Sustainable infrastructure projects are invested in for essential services.
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Pine Labs
Pine Labs has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include EduQfix, Fave and FaveBiz. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Branding services are provided by Saluto in Bengaluru, India.
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2017 | ||||
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App-based QR payment solutions are offered for consumer transactions.
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2016 | ||||
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Fee management and collection solutions are offered for schools.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Pine Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pine Labs Comparisons
Competitors of Pine Labs
Pine Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Stripe, Razorpay, Flutterwave, PayU and Xendit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment and business banking solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Online payment and money transfer platform for businesses
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| domain | founded_year | HQ Location |
Digital payments and engagement solutions are offered for MSMEs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Pine Labs
Frequently Asked Questions about Pine Labs
When was Pine Labs founded?
Pine Labs was founded in 1998 and raised its 1st funding round 11 years after it was founded.
Where is Pine Labs located?
Pine Labs is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Who is the current CEO of Pine Labs?
Amrish Rau is the current CEO of Pine Labs.
Is Pine Labs a funded company?
Pine Labs is a funded company, having raised a total of $1.32B across 14 funding rounds to date. The company's 1st funding round was a Unspecified of $150M, raised on Jun 01, 2009.
What does Pine Labs do?
Pine Labs was founded in 1998 and is headquartered in Noida, India, within the fintech sector. Omnichannel payment processing is facilitated for in-store and online transactions through debit cards, credit cards, BNPL options, and e-wallets. Loyalty programs, prepaid and gifting services, analytics tools, and working capital solutions are offered to merchants. Integrations with utility apps and a developer platform are supported for custom applications.
Who are the top competitors of Pine Labs?
What products or services does Pine Labs offer?
Pine Labs offers PoS Machine, Payment Gateway, Pay Later, and EMI Calculator.
Is Pine Labs publicly traded?
Yes, Pine Labs is publicly traded on NSE under the ticker symbol PINELABS.
How many acquisitions has Pine Labs made?
Who are Pine Labs's investors?
Pine Labs has 33 investors. Key investors include Fidelity Investments, Mastercard, PayPal, State Bank of India, and BlackRock.
What is Pine Labs's ticker symbol?
The ticker symbol of Pine Labs is PINELABS on NSE.
What is Pine Labs's valuation?
The valuation of Pine Labs is $2.28B as of Jul 2022.
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