When was Pine Labs founded?

Pine Labs was founded in 1998 and raised its 1st funding round 11 years after it was founded.

Where is Pine Labs located?

Pine Labs is headquartered in Noida, India. It is registered at UNIT NO. 408, 4TH FLOOR, TIME TOWER, MG ROAD, DLF QE, Gurgaon, Dlf Qe, Haryana, India, 122002.

Who is the current CEO of Pine Labs?

Amrish Rau of Pine Labs. They are also angel investors in 47 startups, including Citrus Pay and PayU.

Which legal entities is Pine Labs associated with?

Pine Labs is associated with PINE LABS PTE. LTD and 4 others.

How many employees does Pine Labs have?

As of Jul 31, 2025, Pine Labs has 3535 employees, reflecting a 8% year-over-year growth in headcount.

Is Pine Labs a funded company?

Pine Labs is a funded company, having raised a total of $954M across 12 funding rounds to date. The company's 1st funding round was raised for an undisclosed amount in a Unattributed round on 2009.

When was the latest funding round of Pine Labs?

Pine Labs' latest funding was a $50M Series F round on Mar 04, 2022, with participation from 6 investors. Its primary sector is Payments. In India, the Payments sector has seen $84.2M in funding in 2026 to date.

What is the annual revenue of Pine Labs?

Annual revenue of Pine Labs is ₹1,740Cr as on Mar 31, 2024.

Is Pine Labs a Payments company?

The primary sector of Pine Labs is Payments.

Where does Pine Labs rank among its competitors?

Pine Labs ranks 2nd amongst 74 active competitors, of which 19 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was TransBnk, which secured $25M in Aug, 2025.

Who are the top competitors of Pine Labs?

Pine Labs' top competitors include Razorpay, M2P Fintech and Solaris. Among them, TransBnk secured the most recent funding round in August, 2025.

Pine Labs - 2026 Company Profile, Team, Funding, Competitors & Financials

Pine Labs is a public company based in Noida (India), founded in 1998. It operates as a Provider of in-store and online payment, prepaid, and financial solutions. Pine Labs has raised $954M in funding from investors like Peak XV Partners, Actis and PayPal. The company has 74 active competitors, including 19 funded and 6 that have exited. Its top competitors include companies like Razorpay, M2P Fintech and Solaris.

Sectors and market segments that Pine Labs operate in

Pine Labs serves in the FinTech market segments.The primary business model of Pine Labs is:

FinTech > Payments > ***** **** > ***** ******

Company Details

Provider of in-store and online payment, prepaid, and financial solutions. It offers products, solutions, and resources for developers. The company focuses on payment processing and related financial infrastructure.

Website: www.pinelabs.com/
Social
Email ID: *****@pinelabs.com
Phone Number: +91 **********
Registered Address: UNIT NO. 408, 4TH FLOOR, TIME TOWER, MG ROAD, DLF QE, Gurgaon, Dlf Qe, Haryana, India, 122002

Key Metrics

Founded Year

1998

Location

Noida, India

Stage

Public

Total Funding

$954M in 12 rounds

Latest Funding Round

Series F, Mar 04, 2022, $50M

Investors

Peak XV Partners & 188 more

Ranked

2^nd among 74 active competitors

Annual Revenue

₹1,740Cr as on Mar 31, 2024

Employee Count

3,535 as on Jul 31, 2025

Investment & Acquisitions

Shopflo & 11 more

Similar Companies

Tink & 260 more

Exit Details

Public

View Pine Labs' full profile

Pine Labs is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PINE LABS PRIVATE LIMITED CIN: 0105562133031 , Thailand, Active	Aug 01, 2019	$167M (As on Mar 31, 2024)	-
PINE LABS LIMITED. CIN: L67100HR1998PLC113312 , India, Active	May 18, 1998	$205M (As on Mar 31, 2025)	3562 (As on Aug 01, 2025)
PINE LABS DIGITAL SOLUTIONS PRIVATE LIMITED CIN: U63999DL2019FTC353020 , India, Active	Jul 25, 2019	$21.2K (As on Mar 31, 2025)	-
Pine Payment Solutions Sdn Bhd. CIN: 201601031792 , Malaysia, Active	May 18, 1998	-	-	-
PINE LABS PTE. LTD CIN: 201319166R , Singapore, Active	May 14, 2013	$211M (As on Mar 31, 2024)	-

Pine Labs got listed on Nov 14, 2025.

Click here to take a look at Pine Labs's IPO in detail

Pine Labs has raised a total funding of $954M over 12 rounds. Its first funding round was on 2009. Its latest funding round was a Series F round on Mar 04, 2022 for $50M. 6 investors participated in its latest round. Pine Labs has 47 institutional investors and 142 angel investors.

Here is the list of recent funding rounds of Pine Labs:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 04, 2022	$50M	Series F	$5.05B	37.0x	Vitruvian Partners, Nordmann	PayPal, Actis, Temasek, Peak XV Partners
Jan 28, 2022	$150M	Series F	$5B	37.4x	Alpha Wave Global	-
Jan 04, 2022	$20M	Series F	-	-	SBI	-

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View details of Pine Labs's funding rounds and investors

Here are the details of Pine Labs' key team members:

Amrish Rau: Former Co-Founder of Pine Labs and founder of 1 other company. They are also an angel investor in 47 startups.
Contact Info: 1 email address and 1 phone number

Pine Labs' Board of Directors

Pine Labs's board has 8 active members. Shailendra J Singh, Tan Yinglan, Mathenz Marc Kay and Amrish Rau are part of team and Hudson Joseph, Asanka Haren Edirimuni Rodrigo, Shah Kunal Naresh and Lal Samrat Ashok are independent board members.

Here is the list of Pine Labs' board of directors:

Name	Type	Representing	Status	Duration
Lokvir Kapoor	Team	-	Past	7y 6m
Mathenz Marc Kay	Team	-	Current	4y 5m
Amrish Rau	Team	-	Current	6y 1m
Shailendra J Singh	Investor	Sequoia Capital	Current	10y 10m
Pradyumna Agrawal	Investor	Temasek	Past	3y 7m
Arijit Ranjan Sarker	Investor	Mastercard	Past	3y 10m
Tan Yinglan	Investor	Sequoia Capital	Past	12y 1m
Hudson Joseph	Independent board member	-	Current	4y 5m
Asanka Haren Edirimuni Rodrigo	Independent board member	-	Current	8y 1m
Shah Kunal Naresh	Independent board member	-	Current	4y 9m
Lal Samrat Ashok	Independent board member	-	Current	3y 3m
Goh Sze Hui	Independent board member	-	Past	0y 8m
John Edwards	Independent board member	-	Past	2y 9m
Piyush Gupta	Independent board member	-	Past	2y 4m

View details of Pine Labs's Founder profiles and Board Members

Pine Labs' employee count trend

Pine Labs has 3,535 employees as of Jul 25. The total employee count is 7.0% more than what it was in Jul 24. Here is Pine Labs's employee count trend over the years:

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Top competitors of Pine Labs include Razorpay, M2P Fintech and Solaris. Here is the list of Top 10 competitors of Pine Labs, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 35 others	86/100
2nd	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Invesco Mutual Fund, Fidelity Investments ... & 187 others	76/100
3rd	M2P Fintech 2014, Chennai (India), Series D	Provider of APIs enabling banking, lending, and payment financial services	$188M	8i Ventures, Beenext & 62 others	74/100
4th	Solaris 2016, Berlin (Germany), Acquired	Provider of banking-as-a-service platform offering digital banking and payment solutions	$736M	FinLeap, SBI Investment & 24 others	72/100
5th	Setu 2018, Bengaluru (India), Acquired	Provider of APIs and platforms for data, KYC, and payments	$18.5M	Lightspeed Venture Partners, Falcon Edge Capital ... & 5 others	67/100
6th	Decentro 2020, Gurugram (India), Series B	Provider of API platform offering banking integration solutions for fintech companies	$8.19M	Uncorrelated Ventures, Plug and Play Tech Center ... & 34 others	67/100
7th	TransBnk 2022, Delhi (India), Series B	Provider of open finance infrastructure for transaction banking and related services	$30M	8i Ventures, Accion & 30 others	66/100
8th	Zeta 2015, San Ramon (United States), Series D	Provider of technology platforms and integrated services for financial institutions	$390M	SoftBank Vision Fund, Mastercard & 18 others	63/100
9th	Card91 2020, Bengaluru (India), Seed	Provider of platform enabling businesses to issue and manage payment instruments	$14.2M	EMVC, Sabre Partners & 72 others	63/100
10th	Falcon 2012, Gurugram (India), Series A	Provider of a cloud-native platform for next-generation financial products	$9.2M	Singularity Capital, FZM Opportunities & 63 others	62/100

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Founders own 2.34%, Funds (largest shareholder) own 66.35%, Enterprises own 19.98% and Angels own 0.13%. The net worth of Pine Labs's founders is INR 118M as of Mar 04, 2022.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	2.34%	118M	47	54	64	25
Fund	66.35%	3.35B	6230326	3134245	5022873	7717909
Alpha Wave Global	393	771	306	141	405	535
BlackRock	0	0	0	0	0	0
Enterprise	19.98%	1.01B	2453684	6827793	8547003	3428939
Angel	0.13%	6.46M	0	0	0	0
Other People	3.81%	193M	758	287	109	264
ESOP Pool	7.39%	373M	8606196	2055106	1647525	8180202
Total	100.00%	505Cr	6671083	4362742	8798986	5157341