Pine Labs aims to take Indian fintech global even as it cuts valuation for IPO
Update: 2025-11-03
Description
Pine Labs, a prominent Indian fintech company, has revised its IPO plans, aiming to raise $234 million instead of the initial $300 million. Major investors are scaling back their share sales, with the company's CEO attributing this to investors' desire to hold onto their shares. Pine Labs, founded in 1998, has evolved from a POS terminal provider to a payments and bill services enabler, now supporting nearly one million merchants and processing billions of transactions annually. With global ambitions and a focus on international growth, Pine Labs' IPO is a significant milestone for India's tech sector, joining other startups preparing to go public this year.
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