Pine Labs

The development comes as the Singapore-based digital payments company is shifting its domicile back to India. The cost of the reverse flipping could not be ascertained

Pine Labs plans $1 bn IPO in India after getting Singapore court's approval to shift base

US-based investor Invesco valued its 28,844 shares in Swiggy at $219.2 million, implying a total valuation of $12.3 billion, down from $12.7 billion in January 2024

The company may seek a valuation of more than $6 billion in an IPO, according to industry sources

The company may seek a valuation of more than $6 billion in an IPO, the people said, asking not to be identified because the matter is private

This partnership comes nearly three weeks after Google announced the launch of its digital wallet application in India

Pine Labs' decision to shift domicile follows a broader trend among fintech firms like PhonePe and Groww, which have also moved their bases back to India

The device enables transactions via different methods such as point-of-sale (PoS), quick response (QR) code, tap-and-pay and traditional card payment options such as debit and credit cards

He will work closely with Setu's co-founder Nikhil Kumar, the company said in a release

Digital service priced at Rs 649 per month helps in inventory management, omnichannel sales and other back-office tasks

In September 2021, Fidelity led a $570 million round in Meesho along with B Capital Group, a venture capital firm co-founded by Facebook Co-Founder Eduardo Luiz Saverin

Fintech firm's valuation cut by 38% and online pharmacy's by 21% as start-up investors battle macroeconomic uncertainties

'Central bank digital currency (CBDC) and Digital Rupee open up exciting opportunities and if implemented correctly'

Digital Rupee opens up exciting opportunities and if implemented correctly, it can accelerate the migration from paper-based currency to digital, said Pine Labs CEO B Amrish Rau

The deal would help Pine Labs strengthen its offerings across employee rewards and recognition, customer loyalty, and channel partner programmes for medium and large enterprises

The top venture capitalist also predicted that at least 25 Indian unicorns will go for IPO in the next 3-5 years

These include products like smartphones, wearables, large appliances, smart televisions, and washing machines

The RBI allowed another window to PAs existing as of March 2020 to apply to the central bank for a license

The fintech unicorn expects to process BNPL transactions worth Rs 5,000 crore this month as an increasing number of customers in small towns are buying products on EMI this festive season

Deployers of point-of-sale terminals are rethinking the way business is done