Pine Labs - About the company
Pine Labs is a late stage company based in Noida (India), founded in 1998 by Rajul Garg, Lokvir Kapoor and . It operates as a Provider of diversified payment solutions for businesses and merchants. Pine Labs has raised $1.32B in funding from investors like Peak XV Partners, Actis and PayPal, with a current valuation of $2.28B. The company has 598 active competitors, including 75 funded and 51 that have exited. Its top competitors include companies like Stripe, Razorpay and Flutterwave.
Sectors and market segments that Pine Labs operate in
Pine Labs serves in the B2B, SaaS space in the FinTech market segments.The primary business model of Pine Labs is:Company Details
Provider of diversified payment solutions for businesses and merchants. Its offering includes hardware and software-based payment terminals, point-of-sale financing, working capital loans, and more. It also provides a platform that accepts various payment methods, including debit and credit cards, BNPL, and e-wallets.
- Website
- Social
- Email ID
- @pinelabs.com
- Phone Number
- +91
Key Metrics
Legal entities associated with Pine Labs
Pine Labs is associated with 3 legal entities given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Jul 24, 2019 | NaN (as on Mar 31, 2022) | 861 | 480 | |
May 14, 2013 | $198M (as on Mar 31, 2023) | 844 | 872 | |
May 17, 1998 | $167M (as on Mar 31, 2024) | 375 | 981 |
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Pine Labs's funding and investors
Pine Labs has raised a total funding of $1.32B over 14 rounds. Its first funding round was on 2009. Its latest funding round was a Unattributed round on Jul 01, 2022 for $2.2M. 2 investors participated in its latest round, lead by .
Pine Labs has 49 institutional investors including Peak XV Partners, Actis and PayPal. Peak XV Partners is the largest institutional investor in Pine Labs. Amit Kumar and 141 others are Angel Investors in Pine Labs.
Here is the list of recent funding rounds of Pine Labs:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jul 01, 2022 | $2.2M | Unattributed | $2.28B | 14.9x | |
Mar 04, 2022 | $50M | Unattributed | $5.05B | 37.0x | |
Jan 28, 2022 | $150M | Unattributed | - | - |
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Pine Labs's founders and board of directors
The founders of Pine Labs are Rajul Garg, Lokvir Kapoor and . and are the CEO of Pine Labs. Rajul Garg has founded 2 more companies - and Sunstone. has founded 2 more companies - Cogent and Gallop.
Pine Labs's board has 2 active members. and are part of team.
View details of Pine Labs's Founder profiles and Board Members
Pine Labs's employee count trend
Pine Labs has 534 employees as of Nov 24. The total employee count is 85.7% lower than what it was in Nov 23. Here is Pine Labs's employee count trend over the years:
Uncover Pine Labs's growth story! Sign up today!Pine Labs's Competitors and alternates
Top competitors of Pine Labs include Stripe, Razorpay and Flutterwave. Here is the list of Top 10 competitors of Pine Labs, ranked by 秘密研究所 score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st |  Stripe 2009, San Francisco (United States), Series I | Payment processing and card issuance solutions for businesses | $9.81B | Kleiner Perkins, Silver Lake听&补尘辫;听 | 90/100 |
2nd | Provider of online payment gateway solutions for businesses | $742M | 87/100 | ||
3rd | Flutterwave 2016, San Francisco (United States), Series D | Provider of payment processing solutions for businesses | $489M | Glynn Capital, Insight Partners听&补尘辫;听 | 85/100 |
4th | PayU 2002, Amsterdam (Netherlands), Acquired | Payment gateway platform for consumers and businesses | - | 84/100 | |
5th | Online payment and money transfer platform for businesses | $533M | Kleiner Perkins, Accel听&补尘辫;听 | 80/100 | |
6th | Adyen 2006, Amsterdam (Netherlands), Public | Payment issuance and processing solutions for businesses | $266M | General Atlantic, EDBI听&补尘辫;听 | 79/100 |
7th | Digital payments and engagement solutions for MSMEs | $40M | 77/100 | ||
8th | Checkout 2012, London (United Kingdom), Series D | Provider of payment solutions that help businesses and communities thrive in the digital economy | $1.83B | GIC, Insight Partners听&补尘辫;听 | 76/100 |
9th | Network International 1994, Dubai (United Arab Emirates), Acquired | Online merchant issuer processor and payment acceptance solutions for businesses | $539M | Warburg Pincus, General Atlantic听&补尘辫;听 | 76/100 |
10th | ACI Worldwide 1975, Omaha (United States), Public | Process and manage digital payments | - | ABS Capital, JMI Management听&补尘辫;听 | 74/100 |
12th |  1998, Noida (India), Late Stage | Provider of diversified payment solutions for businesses and merchants | $1.32B | 70/100 |
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Pine Labs's Latest cap tables and shareholding
Founders own 2.34%, Funds (largest shareholder) own 66.35%, Enterprises own 19.99% and Angels own 0.14%. The net worth of Pine Labs's founders is INR 118M as of Mar 04, 2022.
Shareholders Name | Post Round Holding % | Net worth | Cumulative investment | Realised returns | Unrealised returns | Return multiple |
|---|---|---|---|---|---|---|
Founder | 2.34% | 118M | 62 | 47 | 90 | 64 |
60 | 20 | 88 | 49 | 76 | 11 | |
Fund | 66.35% | 3.35B | 6102858 | 4290290 | 7049618 | 1222025 |
425 | 990 | 566 | 644 | 430 | 668 | |
46 | 67 | 39 | 69 | 84 | 54 | |
Enterprise | 19.99% | 1.01B | 3849871 | 8894049 | 7212130 | 3338710 |
Angel | 0.14% | 6.46M | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
ESOP Pool | 7.39% | 373M | 7811661 | 7271167 | 7372580 | 9890712 |
Other Investors | 3.81% | 193M | 113 | 141 | 498 | 228 |
Total | 100.00% | 505Cr | 5253480 | 2067555 | 7940682 | 3569116 |
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Pine Labs's Investments and acquisitions
Pine Labs has made 3 investments in companies including and FaveBiz. Pine Labs has also acquired 8 companies including Saluto and Setu. Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jan 23, 2023 | Acquisition | 2017 | Bengaluru, India | |
Jun 23, 2022 | Acquisition | - | ||
Apr 13, 2022 | Acquisition | - |
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Reports related to Pine Labs
Here is the latest report on Pine Labs's sector:
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News related to Pine Labs
Media has covered Pine Labs for a total of 35 events in the last 1 year, 10 of them have been about company updates and 9 about partnerships.
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Inc42鈥�Mar 18, 2025鈥�Pine Labs
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The Paypers鈥�Mar 18, 2025鈥�Pine Labs
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