Tag: pine labs
Razorpay to solely focus on omnichannel for offline play
Online payments company Razorpay has tamed its offline expansion plans amid sluggish growth of the vertical, three industry executives aware of the matter told ET….
Valuation reset drives mutual fund inflows into listed new-age firms amid FPI selloff
Falling share prices of new-age companies in the quarter to March, tracking weaker macroeconomic indicators, pushed mutual funds to step up buying and raise their…
Why new-age IPOs are seeing shrinking issue sizes, slashed valuations
Several new-age companies that have gone public in recent months have cut issue sizes and accepted lower valuations, as volatile equity markets and shifting investor…
Pine Labs Q3 Results: Co swings to black with cons PAT of Rs 42 crore versus YoY loss; revenue rises 24%
Payment solutions company Pine Labs posted a consolidated net profit of Rs 42 crore in the December-ended quarter versus a loss of Rs 57 crore…
P2P lending platform LenDenClub’s parent plans IPO, CEO says
Vartis Platforms, operator of the country’s largest peer-to-peer lending marketplace LenDenClub, is preparing for an initial public offering within 18 to 36 months, chief executive…
Snapdeal parent AceVector files updated DRHP for D-Street debut
AceVector, the parent entity of ecommerce company Snapdeal, filed its updated draft red herring prospectus (UDRHP) with the Securities and Exchange Board of India (Sebi)…
Snapdeal parent AceVector files updated prospectus; to raise up to Rs 300 crore via IPO
AceVector, the parent company of ecommerce platform Snapdeal, has filed its updated draft red herring prospectus (UDRHP) with the Securities and Exchange Board of India…
Meesho IPO unlocks major gains for Elevation, Peak XV, others; founders’ stake valued at Rs 8,750 crore
Early investors in Meesho including Elevation Capital and Peak XV Partners are sitting on significant paper gains after the value-focused ecommerce company set a price…
PhysicsWallah founders’ holdings at over Rs 16,000 crore; WestBridge’s stake valued at Rs 2,600 crore
PhysicsWallah, the first edtech to list following Byju’s’ collapse, has created significant paper wealth for its promoters and backers as it debuted at a 33%…
Pine Labs IPO: In fintech, tomorrow will always be better than today, says CEO Amrish Rau at listing ceremony
Amrish Rau, CEO of Pine Labs, said fintech remains a fast-growing “sunrise industry” with strong long-term potential. Speaking during the company’s listing ceremony, he described…