Startup Atlas · Fintech

Pine Labs Listed

Pine Labs Limited Noida, Uttar Pradesh Founded 1998 pinelabs.com ↗

Pine Labs is an Indian multinational company that provides point-of-sale (POS) systems and payment systems, including merchant commerce, prepaid/gift card issuing, and financing solutions for merchants, consumer brands and financial institutions across India, Southeast Asia and the Middle East.

Lokvir Kapoor · Co-founder & Executive Chairman Rajul Garg · Co-founder
$1.04 BnTotal funding (tracked)
10Funding rounds
7 Nov 2025Last round
Publicly listed · NSE:PINELABS
₹166.15 +6.17% BSE, as of 04 Sep 26 | 16:00

Valuation

P/E109.88
P/E · TTM116.07
P/B3.00

Returns

ROE2.94%
ROCE4.42%

Per share

EPS1.51
Book value55.48

Growth · year on year

Sales+20.58%
Profit+434.90%

Ownership

Promoter holding0.00%

Price and ratios are compiled from the exchange and third-party market data, cached and refreshed through the day — they are not Atlas facts and are not investment advice. Where a ratio is computed on more than one basis (for example standalone versus trailing-twelve-month), each is shown separately rather than averaged into a single number.

36/100
Weak Atlas Score — computed from 9 published figures
How this score is calculated
Measure Value Scores Source
P/E
What the market pays for each rupee of earnings. Lower is cheaper — but a low P/E can also mean the market expects earnings to fall.
109.88 0/100 BSE
P/B
Price against book value. Most meaningful for banks and asset-heavy businesses; software and consumer brands trade high here for good reasons.
3.00 75/100 Market data
ROE
Return on equity — profit generated per rupee of shareholder capital. Sustained high ROE is the clearest single marker of a good business.
2.94 0/100 Market data
ROCE
Return on capital employed — the same idea including debt, so it is harder to flatter with leverage.
4.42 0/100 Market data
Profit growth
Year-on-year growth in profit. Weighted above sales growth because profitable growth is the harder thing to do.
434.90 100/100 Market data
Sales growth
Year-on-year growth in revenue.
20.58 100/100 Market data
Revenue growth · filed
Year-on-year revenue growth computed from the fiscal-year figures we filed ourselves and cited to a real disclosure, not a market data feed.
32.70 100/100 Atlas
Profit trend · filed
Whether profit is improving, from the same filed figures. A swing from loss to profit scores highest; a swing from profit into loss scores lowest; a narrowing loss still scores better than a widening one.
Loss narrowed 55/100 Atlas
Promoter holding
How much of the company its founders and controlling group still own. Higher usually means their money moves with yours.
0.00 0/100 Market data

The Atlas Score is our own arithmetic on the published figures above — nothing is hidden and nothing is bought in. It weighs quality and growth at 30% each, valuation at 25% and ownership at 15%, scoring each measure against fixed bands. Growth blends third-party market data with the fiscal-year figures we file and cite ourselves, so a company we have researched more deeply scores on richer evidence. A measure we could not fetch is left out of the average rather than counted as a zero. It is a summary of the numbers, not a recommendation, not a price target, and not advice about your circumstances.

View Pine Labs's live share price on Google Finance ↗

Pine Labs: Funding Rounds

Date Round Amount Investors Source
7 Nov 2025 IPO ₹2,080.26 Cr (fresh issue) source
30 Mar 2022 Growth $50 Mn Vitruvian Partners source
18 Feb 2022 Growth $150 Mn Alpha Wave Global source
16 Sep 2021 Growth $100 Mn Invesco Developing Markets Fund source
16 May 2021 Growth $285 Mn Baron Capital Group Duro Capital Lone Pine Capital Marshall Wace Moore Strategic Ventures Sunley House Capital Temasek Ward Ferry Management source
21 Dec 2020 Growth Undisclosed Lone Pine Capital source
24 Jan 2020 Corporate Undisclosed Mastercard source
31 May 2018 Growth $125 Mn PayPal Temasek source
13 Mar 2018 Growth $82 Mn Actis Capital Altimeter Capital source
1 Mar 2009 Seed $1.2 Mn Sequoia Capital India source

Acquisitions

DateAcquirerAcquiredAmountSource
23 Jun 2022 Pine Labs Setu $70 Mn–$75 Mn (reported) source
13 Apr 2022 Pine Labs Mosambee Undisclosed source
8 Feb 2022 Pine Labs Qfix Undisclosed source
19 Mar 2019 Pine Labs Qwikcilver $110 Mn source

News on Pine Labs

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FAQs on Pine Labs

Who founded Pine Labs?

Pine Labs was founded by Lokvir Kapoor, Rajul Garg in 1998.

How much funding has Pine Labs raised?

Pine Labs has raised $1.04 Bn across 10 tracked funding round(s), most recently on 2025-11-07. Figures are compiled from cited public sources.

Who are the investors in Pine Labs?

Investors in Pine Labs include Vitruvian Partners, Alpha Wave Global.

What does Pine Labs do?

Pine Labs is an Indian multinational company that provides point-of-sale (POS) systems and payment systems, including merchant commerce, prepaid/gift card issuing, and financing solutions for merchants, consumer brands and financial institutions across India, Southeast Asia and the Middle East.

Where is Pine Labs headquartered?

Pine Labs is headquartered in Noida, Uttar Pradesh, India.

What is Pine Labs's business model?

Pine Labs's core value proposition centers on Digital funnel between merchants and banks.

How does Pine Labs make money?

Pine Labs's cited revenue streams include Digital Infrastructure & Transaction Platform, Issuing & Acquiring Platform.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: www.pymnts.com en.wikipedia.org www.bseindia.com · Last verified 7 Sep 2026. · Report a correction