Pine Labs
India's Startups Eyeing Over ₹18,000 Crore Through Public Listings in Major D-Street Surge
Indian startups are gearing up for a significant D-Street push, aiming to raise over ₹18,000 crore via IPOs. This surge includes major players like Pine Labs, Shadowfax, Urban Company, Shiprocket, and Wakefit. Driven by scaling and a new focus on profitability, these listings reflect growing confidence in public markets and mark a maturing phase for India's startup ecosystem.
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.