Pine Labs raises $100 mn from U.S. fund
The Hindu
Pine Labs, a merchant commerce platform, said U.S.-based investment management company, Invesco Developing Markets Fund, has invested $100 million in it.In July, the company had announced a total roun
Pine Labs, a merchant commerce platform, said U.S.-based investment management company, Invesco Developing Markets Fund, has invested $100 million in it.
In July, the company had announced a total round size of $600 million. Pine Labs is backed by Sequoia Capital, Temasek Holdings, Actis, PayPal and Mastercard and others.
“Over the last 18 months we have scaled our Prepaid Issuing stack, Online Payments, and also the Buy Now Pay Later (BNPL) offering. We continue to make progress in the larger Asian markets with our BNPL platform,’’ said B. Amrish Rau, CEO, Pine Labs.
HSBC Flash India PMI shows uptick in private sector activity, with rising cost pressures and increased prices for customers.
Rupee rises slightly against US dollar amid geopolitical pressures, foreign outflows, and domestic equities; Brent oil surges.
Sensex and Nifty rebound in early trade driven by value buying, bank stock rally, and positive global cues.
The pandemic-induced downturn marked a turning point for cab drivers in Bengaluru. According to Tanveer Pasha, president, Ola and Uber Drivers’ Association, the number of active cabs in the city has dropped from over 1 lakh before the pandemic to just around 30,000 today.
Amazon will likely face an EU investigation next year into whether it favours its own brand products, said sources.
White House addresses bribery charges against Indian billionaire Adani, expresses confidence in U.S.-India relationship.
NTPC Green Energy IPO oversubscribed by 93% on day 2, raising ₹3,960 crore for renewable energy projects.
Chief Economic Advisor advises India Inc to focus on productivity, R&D, and quality over reliance on weak currency for exports.
Private telcos lost over 1 crore wireless subscribers in September, while BSNL added 8.5 lakh users, refusing to hike tariffs.
Gautam Adani indictment may become a factor in future negotiations between the Adani Group and Bangladesh, energy experts in Dhaka say
Indictment details Adani bribery scheme to secure solar power contracts, involving Adani Green Energy and Azure Power executives.