Indian fintech firm Pine Labs eyes IPO in 12 months: CEO Amrish Rau
- Date: 14-Oct-2021
- Source: Money Control
- Sector:Financial Services
- Country:Middle East
Indian fintech firm Pine Labs eyes IPO in 12 months: CEO Amrish Rau
Pine Labs, which counts venture firm Sequoia Capital, Singapore state investor Temasek, and U.S. firms PayPal and Mastercard among its backers, offers services and tools such as inventory management and payment terminals to merchants across Asia and the Middle East.
October 14, 2021 / 08:00 PM IST
Indian fintech firm Pine Labs is considering an initial public offering in as little as a year, its chief executive said on Thursday, as the company made a foray into the online payments space that it sees as a multi-billion dollar opportunity.
Pine Labs, which counts venture firm Sequoia Capital, Singapore state investor Temasek, and U.S. firms PayPal and Mastercard among its backers, offers services and tools such as inventory management and payment terminals to merchants across Asia and the Middle East.
Also Read: Pine Labs enters online payments space with payment gateway platform Plural
The company, headquartered on the outskirts of New Delhi, was valued at $3.5 billion after its closed a $600 million funding round in July.
"We are at a stage where we will want to look at an IPO option in the next 12 months' time," CEO Amrish Rau told Reuters in a virtual interview, declining to specify whether
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