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Pine Labs Completes A First Close Of $285M Funding From New Cross-Over Investors

PRIVATEMay 21, 2021

Round Type

Funding Round

GurgaonE CommerceFintech

Description

Pine Labs, one of Asia’s leading merchant commerce platforms, today announced that it has completed a new round of financing from well-regarded public market cross-over investors including Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures and Ward Ferry Management. Existing investors Temasek, Lone Pine Capital and Sunley House Capital also participated in this funding round. In this significantly oversubscribed round, in addition to primary proceeds, Pine Labs enabled secondary transactions for its founder, employees and early shareholders as it is already a well-financed company with a strong balance sheet and has been EBITDA profitable for several years.

Who else raised in E Commerce and Fintech around the same time

Companies in the same sectors as Pine Labs Limited that raised within 45 days of this round, from Fundz verified event records.

  • Circle Internet Group, Inc. raised an undisclosed amount on June 30, 2021.
  • Extend raised $50M on June 29, 2021.
  • Resistant AI raised $13M on June 25, 2021.
  • ClearScore raised $200M (Funding Round) on June 25, 2021.
  • ClearScore raised $200M on June 25, 2021.
  • JOOR raised $47M on June 25, 2021.

Who to call at Pine Labs Limited, and when

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Company Information

Company

Pine Labs Limited

Location

Gurgaon, Haryana, India

About

Pine Labs Limited is a leading payments and commerce platform. The company provides a comprehensive solution for merchants to manage online and offline transactions seamlessly. With a significant presence in the Indian market, it facilitates payments for numerous e-commerce brands. Pine Labs aims to integrate various commerce solutions for a unified customer experience.

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Related People

2 contacts
Verified contactsAmrish R., CEO hidden hiddenSee plans and pricing
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Pine Labs Limited raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.