Digital retail payments platform Pine Labs raises $125m from Temasek, PayPal

Digital retail payments platform Pine Labs raises $125m from Temasek, PayPal

Singapore’s state investment firm Temasek Holdings Pvt. Ltd and global payments major PayPal Holdings Inc have picked up minority stakes in Indian digital retail payments platform Pine Labs Pvt Ltd for a combined $125 million.

According to an official statement, Sequoia India, which first invested in Pine Labs in 2009, remains the largest shareholder in the company.

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