Explore the latest news, in-depth reports, and executive analysis tagged with #Pine Labs.
The fintech firm recorded a net profit of Rs 19.57 crore in Q1 FY27, up more than fourfold from Rs 4.79 crore in the corresponding quarter last year.
The latest sale comes just days after Actis offloaded another 0.86% stake in Pine Labs for about Rs 152 crore.
Before the sale, Actis held a 4.58% stake in Pine Labs as of March 2026.
New-age startup IPO class faces a reality check. Stocks have stumbled, yet early investors are cashing out.
Kumar launched Setu in 2018 alongside Sahil Kini after previously cofounding customer feedback startup Voyce.
The buyers in the transaction included SBI Mutual Fund and Nippon India Mutual Fund.
The company posted a net profit of Rs 112.5 crore in FY26 against a net loss of Rs 145.5 crore in the previous financial year.
This is the second major monetisation by Madison India Capital from its decade-old investment in Pine Labs.
With a locally incorporated entity, Pine Labs already has a presence in the Philippines.
Pine Labs, which got listed on the bourses last year, has earlier acquired companies including Setu, Fave and QwikCilver.
Chandani has resigned to pursue other career opportunities outside the company with effect from April 6.
In his new role, Verma will focus on driving merchant adoption, strengthening distribution, and scaling the company’s offline payments ecosystem.
![The untold story behind Pine Labs' multi-year OMC contracts [Exclusive]](/upload/theheadandtale.com/2026/03/1772442637_95355ba037_pinelabs_lead.jpg)
The IOCL, BPCL and HPCL deals reflect a quiet realignment in PSU fuel payment mandates.
Last year, OpenAI had partnered with another Indian fintech company Razorpay and NPCI to launch agentic payments on ChatGPT and explore AI-driven commerce in India.
The tax issue traces back to Pine Labs' 2019 purchase of Qwikcilver Solutions.
It posted a net profit of Rs 42 crore in Q3 FY26 compared to Rs 57 crore in net losses in Q3 FY25.
As part of the partnership, Wio Bank will deploy Credit+, Pine Labs’ modular, API-first acquiring platform, to power its core acquiring operations.
Pine Labs currently holds approximately 25% stake in Agya Technologies.
Today, we look at why India must urgently rewrite its copyright playbook in the age of OpenAI’s open seduction; and amid this two-week tech IPO carnival, who wins?
