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Founded in 1998, Pine Labs offers a full-stack merchant platform that is a unique blend of technology and financial solutions.
Basic Information
Founded in 1998, Pine Labs started by engineering a solution for a large scale, card-based payment, and loyalty program in the retail petroleum industry. As its merchants’ needs evolved, Pine Labs pivoted its business model in a renewed journey since 2012. Thereon, it pioneered the smart, cloud-based, unified point-of-sale (POS) platform. Pine Labs has redefined the payments technology and fintech space while contributing to the creation of a global digital economy. Today, the company works with a maniacal focus on creating a product and services platform that widens access, accelerates commerce and automation for merchants in local markets. With a presence across 3,700 cities and towns across India and Malaysia and other parts of Asia, it is putting its knowledge and expertise in use for serving merchants, both large and small.
Legal Name
:
Pine Labs Private Limited
Headquarters
:
Delhi NCR, Delhi, India
Business Model
:
B2B  
Founding Date
:
18th May 1998
No. of Employees
:
1000+
Core Team
:
1.  
Vicky Bindra
Chief Executive Officer
2.  
Sanjeev Kumar
Chief Technology Officer
3.  
Kush Mehra
Chief Business Officer & President
4.  
Sameer Maheshwary
Chief Financial Officer

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Funding

Total Funding

$1.3B

Investors
:
1.  
PayPal Ventures
2.  
Altimeter Capital
3.  
State Bank of India
4.  
Tree Line Asia

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Detail Round Breakdown
Round 1
Round 2
Round 3
Round 4
Round 5
Round 6
Round 7
Round 8
Round 9

$82M

Series Name
:
SERIES-F
Date
:
Mar 2018
Investors
:
1.  
Altimeter Capital
2.  
Actis