Pine Labs funding, investors and company details

Pine Labs is an emerging Banking and Finance - FinTech startup from Noida, working in the space of Company specializing in digital payment solutions and merchant commerce platforms. Founded by Rajul Garg, Tarun Upaday, Lokvir Kapoor.

Company: Pine Labs limited
Sector: Banking and Finance - FinTech
Location: Noida
Founders: Rajul Garg, Tarun Upaday, Lokvir Kapoor
Total funding raised: ₹759 Cr

Company overview

Pine Labs is a leading Indian fintech company specializing in digital payment solutions and merchant commerce platforms. Founded in 1998 and headquartered in Noida, it provides point-of-sale (POS) terminals like Plutus Smart POS and Mosambee, payment gateways, UPI integration, EMI options, loyalty programs, and merchant lending services to nearly 1 million merchants across India and Southeast Asia. The B2B model generates revenue primarily through transaction fees (70% of income), device rentals/subscriptions, and value-added services like data analytics and BNPL. Processing over ₹11 lakh crore in transactions annually, it powers seamless in-store and online payments for retail, fuel, and e-commerce sectors

Funding rounds

Latest round: $ 50.00 Mn (₹379.50 Cr.), 2022-03-29. Investors: Gaurav Munjal (unacademy), Sai Srinivas Kiran, Sriharsha Majety (Swiggy), Harsh Jain (Groww), Ankur Kathuria (Alpha Wave Global)
Past round (Series F): $ 50.00 Mn (₹379.50 Cr.), 2022-03-04. Investors: Vitruvian Partners, Nordmann, PayPal Ventures, Actis, Temasek, Peak XV Partners