Plutus Smart, Pine Labs’ Android-based POS machine. (Photo: pinelabs.com)
Pine Labs, backed by marquee investors from Sequoia India to Temasek and Mastercard, will step up focus on its merchant payments business after completing a $600 million fundraise this year.The latest fundraise valued the company at $3 billion.Founded by Lokvir Kapoor, Rajul Garg and Tarun Upadyay in 1998, well before the fintech wave took over India, Pine Labs started out with processing card payments for fuel retailers. Its journey...