Pine Labs
Founded Year
1998Stage
Unattributed - IV | AliveTotal Raised
$1.127BValuation
$0000Last Raised
$50M | 3 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-39 points in the past 30 days
About Pine Labs
Pine Labs offers cloud-based point-of-sale (PoS) payment solutions. The company allows merchants to accept credit or debit card payments, as well as methods such as e-wallets, quick response (QR) code payment solutions, and unified payments interface (UPI)-based solutions. The company was founded in 1998 and is based in Noida, India.
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ESPs containing Pine Labs
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The omnichannel point-of-sale (POS) market, also called unified POS, provides integrated payment acceptance across digital and physical retail sales channels. These solutions provide the hardware and software to sync sales data, allowing for centralized transaction and inventory visibility. Some providers also offer customer service, shopper marketing, or sales analytics features. As more shopping…
Pine Labs named as Outperformer among 15 other companies, including Stripe, Fiserv, and Shopify.
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Research containing Pine Labs
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Pine Labs in 8 CB Insights research briefs, most recently on Jun 14, 2023.
Expert Collections containing Pine Labs
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Pine Labs is included in 8 Expert Collections, including Store tech (In-store retail tech).
Store tech (In-store retail tech)
1,732 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
Unicorns- Billion Dollar Startups
1,249 items
SMB Fintech
1,648 items
Payments
3,233 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech 100
999 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Fintech
13,413 items
Excludes US-based companies
Latest Pine Labs News
Oct 9, 2024
The Singapore arm saw a 9.77% YoY rise in revenue to Rs 1,743.27 crore, but escalating costs led to a 49.28% increase in net loss. Key expense areas included cost of sales and product development, impacting gross profit. Wednesday October 09, 2024 , 2 min Read Pine Labs' India and Singapore entities reported a slight increase in revenue in FY24 but were bogged down by a significant rise in expenses, leading to a much larger loss. Pine Labs is registered in Singapore and files separate financial results for Indian and overseas entities. Pine Labs Singapore The Singapore arm saw a 9.77% year-on-year (YoY) rise in revenue to Rs 1,743 crore in the financial year ended March 31, 2024, but escalating costs led to a 49.28% YoY increase in net loss, which ballooned to Rs 339.63 crore. In FY23, it earned Rs 1,588.10 crore in revenue. Cost of sales, a key component directly tied to revenue generation, rose by 21.32% to Rs 934.61 crore in FY24, compared with Rs 770.31 crore in FY23. Consequently, gross profit—a critical measure of operational efficiency—declined marginally by 1.11% YoY. Selling and marketing expenses rose by 6.30% YoY, reaching Rs 469.77 crore in FY24 compared with Rs 441.91 crore in FY23. Investment in technology and product improvements grew by 14.06% YoY, totalling Rs 352.73 crore in FY24. The company’s operating loss for FY24 widened by 13.01%, amounting to Rs 378.40 crore, up from Rs 334.83 crore in FY23. The net loss also ballooned by 49.28% YoY. Pine Labs India The Indian entity's revenue from operations rose by 2.88% YoY to Rs 1,317.47 crore in FY24, up from Rs 1,280.54 crore a year ago, as per filings with RoC. However, total expenses surged by 15.79%, reaching Rs 1,623.87 crore compared with Rs 1,402.43 crore the previous year. While employee benefit expenses also saw a modest increase of 3.08% YoY, other expenses climbed by 15.68%, standing at Rs 554.41 crore for the year, up from Rs 479.25 crore the previous year. The major contributor to the swelling expenses were the advertisement and promotional costs, which shot up 72.4% YoY to Rs 73 crore in the fiscal year 2024. Legal professional charges also spiked by 12% YoY to Rs 128 crore. As a result of the rising costs and tax expenses, Pine Labs posted a loss of Rs 187.17 crore in FY24, a more than 3X increase with the Rs 56.24 crore loss incurred in FY23. Edited by Kanishk Singh
Pine Labs Frequently Asked Questions (FAQ)
When was Pine Labs founded?
Pine Labs was founded in 1998.
Where is Pine Labs's headquarters?
Pine Labs's headquarters is located at Candor TechSpace, 4th & 5th Floor, Noida.
What is Pine Labs's latest funding round?
Pine Labs's latest funding round is Unattributed - IV.
How much did Pine Labs raise?
Pine Labs raised a total of $1.127B.
Who are the investors of Pine Labs?
Investors of Pine Labs include Vitruvian Partners, Alpha Wave Global, State Bank of India, Invesco, Fidelity Investments and 24 more.
Who are Pine Labs's competitors?
Competitors of Pine Labs include Innoviti, Stripe, Mswipe, PayNearMe, NearPay and 7 more.
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Compare Pine Labs to Competitors
Stripe operates as a technology company that specializes in online payment processing and financial infrastructure for Internet businesses. The company provides a suite of products that enable businesses to accept payments, manage billing and subscriptions, handle in-person transactions, and integrate various financial services into their operations. Its platform is designed to support startups, enterprises, and everything in between with scalable, API-driven solutions. Stripe was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.
PayNearMe develops technology to facilitate the end-to-end customer payment experience. It offers a billing and payment platform. Its platform helps users pay with cash for a range of goods and services from companies in e-commerce, property management, consumer finance, and transportation, enabling businesses and government agencies as well as retail stores to digitize cash collection processes. PayNearMe was formerly known as Handle Financial. The company was founded in 2009 and is based in Santa Clara, California.
TouchBistro is a company that focuses on providing an all-in-one point of sale (POS) and restaurant management system in the restaurant industry. The company offers a range of services including front of house, back of house, and guest engagement solutions, which help restaurateurs streamline their operations, manage their menu, sales, staff, and more. These services are designed to increase sales, improve guest experiences, and save time and money. It was founded in 2011 and is based in Toronto, Ontario.
Lemonway is a payment institution that specializes in providing payment processing and wallet management solutions for marketplaces, crowdfunding platforms, and e-commerce websites. The company offers a modular payment system that enables clients to handle transactions, from collection to disbursement, with a focus on KYC/AML regulatory compliance. Lemonway primarily serves the e-commerce industry, crowdfunding platforms, and other online marketplaces. It was founded in 2007 and is based in Paris, France.
ToneTag is a company specializing in soundwave-based communication and payment technologies within the financial and retail sectors. The company offers a range of products that facilitate contactless payments, voice-assisted transactions, and sound-based data communication for businesses and customers, ensuring secure and convenient interactions. ToneTag's solutions cater to various business types, including grocery, food and beverage, and banking services, providing them with tools for in-store and online operations. It was founded in 2013 and is based in Bengaluru, India.
Klarna specializes in providing payment solutions and services within the e-commerce sector. The company offers a platform for online shopping that includes price comparisons, deals, and various payment options to facilitate purchases for consumers. Klarna primarily serves the e-commerce industry by enabling a seamless shopping experience through its payment and financing services. It was founded in 2005 and is based in Stockholm, Sweden.
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