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Pine labs is a provider of retail POS (Point of sale) solutions
PRODUCTS & SERVICES
Pine Labs payment solutions for acceptance of all kinds of payments @ Point of Sale (POS). Provides an efficient payment system for retailers.
Charges retailers for using their service. It earns 70% it's of revenue from core payments and 30% through value added services.
Haldirams and many others.
State Bank Group
PNB and many more in order to allow the merchants to receive reward points as payment from the above cardholders. Tie-ups with wallet companies like Mobikwik etc.
in order to integrate mobile wallets into their platform.
Provides innovative, robust solutions to retailers that not only help accepting digital.electronic payments, but also to get loyalty from the customers through value added features like Instant EMI, Cash Back Programs, Gift Solution, Loyalty Solution, Instant Discounts.
NUMBER OF EMPLOYEES
Vikas Bhasin (CFO); Lokvir Kapoor (CEO)
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company is planning to use the fund to expand its presence in the country and further develop its product suite(May 2018).
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $20 M · Mar 2009
SERIES B · $82 M · Mar 2018
SERIES C · $125 M · May 2018
OTHERS · $184.84 M · Jul 2019
SECONDARY MARKET · $125 M · ---
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