Pine Labs

A fund run by financial services giant Fidelity Investments has marked down the valuation of its investment in Gupshup, a messaging software-as-a-firm, by 37.4%, according to a regulatory disclosure as of May 31 2023.In June 2021, the fund…

The world’s largest asset manager, BlackRock, has further marked down the valuation of edtech firm Byju’s, three months after it first reduced the value of its holdings in the Indian company.In a regulatory filing made with the US…

US-based asset management firm Baron Capital Group has reduced food and grocery delivery company Swiggy’s valuation by another 10% to $6.38 billion as of March 31, 2023.Baron Capital had marked down Swiggy’s valuation by 34% to $7.1 billion…

Mumbai-based online pharmacy PharmEasy’s parent company API Holdings has seen yet another valuation markdown – this time by funds managed by global asset management company Janus Henderson, regulatory filings with the US Securities and…

Continuing with the trend of valuation markdowns at large tech companies, fintech firm Pine Labs and online pharmacy PharmEasy became the latest to join the growing list. This and more in today’s ETtech Morning Dispatch.Also in this…

Pine Labs has partnered with ICICI Bank in launching CBDC as a payment option under this pilot run by the RBI.Pine Labs' execution of the digital rupee payment process is completely digital via dynamic QR built within its smart Android PoS…

Digital payments major Pine Labs joins the growing list of new age technology companies deferring their initial public offering (IPO) plans. Its CEO Amrish Rau told ET in an exclusive interview that he will not go ahead with a planned…

Payment arms of US technology majors Amazon and Google, along with Reliance Payment Solutions, that is part of Reliance Jio Infocomm, were among the 32 firms given in-principle approval from the Reserve Bank of India (RBI) on Wednesday to…

Fintech major Pine Labs said on Monday it has acquired rewards and engagement platform Saluto Wellness as it continues to bolster its customer offerings.According to sources, the deal is a full cash buyout and senior management of Saluto…

MUMBAI: Payment company Pine labs has plugged in 90 lenders to its platform and are running close to one lakh offers across consumer products with explosive growth in buy now pay later (BNPL) transactions. “October is slated to be a very…