Payments

Leadership Boost for Pine Labs: Payments Giant Set to Appoint Avendus' Sameer Kamath as New CFO

Pine Labs, the fintech giant preparing for an IPO, is set to appoint Sameer Kamath, Avendus Capital's Group CFO, as its new CFO. This strategic hire strengthens its leadership ahead of the anticipated ₹2,600 crore public listing, aiming for a $4.5-5 billion valuation. Kamath's vast experience is crucial for this pre-IPO phase.

Pine Labs Gears Up for Rs 5,000-6,000 Crore IPO, Files DRHP by June-End

Fintech giant Pine Labs is set to file its DRHP by June-end for a Rs 5,000-6,000 crore ($600-720M) IPO. Having recently re-domiciled to India, the move underscores the growing maturity of India's startup ecosystem and public markets. The IPO could value the company at $4-5 billion.