Pine Labs raises $50 mn from Vitruvian, taking total to $920 mn in 8 months

Merchant commerce platform got $150 million from Alpha Wave Global in February and $20 million from SBI in January.

Merchant commerce platform Pine Labs has got a new investment of $50 million from London-based Vitruvian Partners, raising $920 million in the last eight months. Total investments include a $150-million cheque from Alpha Wave Global in February at a valuation of $5 billion.

“We aim to further strengthen our recent foray in online payments via Plural and take our Buy Now Pay Later offering to new markets through strategic collaborations. We welcome Vitruvian Partners in this journey and thank them for the trust shown in us,” said B Amrish Rau, chief executive officer at Pine Labs.

Pine Labs got $20