Pine Labs secures a fresh round at a valuation of over $2 Bn
Shortpedia
Content Team
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Point-of-sale device company and merchant commerce platform Pine Labs has secured a fresh round of funding from Lone Pine Capital. While the company hasn’t revealed the actual amount it raised in this round, sources aware of the development estimate it to be around $80-100 million. This is the second fundraise for the Noida-based unicorn in 2020. Earlier in January, it had scooped up $300 million in Series H round from Mastercard.
